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State of the economy (Barnaby Joyce)

admin /26 February, 2010

Labor has partied hard but now we face the debt hangover

AUSTRALIA’S gross foreign debt, taking into account both the public and private sectors, is more than $1.232 trillion.

The net foreign debt is about $638 billion. It is one of the highest net debt to gross domestic product ratios in the developed world.

As Treasury official David Gruen told a Senate estimates committee recently, it is higher than the US, Japan and Britain. The only country that could be confirmed as higher than ours, at the latest estimates hearing, was New Zealand.

Australia’s gross sovereign (government borrowing) debt during that estimates hearing was $123.11bn, but by last Friday it had climbed to $125.483bn.

If we keep borrowing at this rate Australia and all who rely on the government to provide a basic service of health, defence, subsidised medicine, childcare, unemployment benefits, pensions, are all going to arrive at a point of reckoning. Stresses will be placed on the government budget because we did not manage the debt at a point where it was manageable.

Greens secure Rudd Government backflip to save renewable energy target

admin /26 February, 2010

Greens secure Rudd government backflip to save renewable energy target Canberra, Friday 26 February 2010 After months of claiming there was no problem with the Renewable EnergyTarget, Ministers Wong and Combet have today announced a major backflipthat appears to adopt significant elements of the Greens’ PrivateMember’s Bill introduced yesterday. However, with details still to be Continue Reading →

It was a week for bodgie batts, busy bees and bogong moths

admin /25 February, 2010

It was a week for bodgie batts, busy bees and bogong moths

February 26, 2010

Comments 20

Opposition Leader Tony Abbott with Shadow Treasurer Joe Hockey, Shadow Health Minister Peter Dutton and Shadow Minister for Family, Housing and Community Services Kevin Andrews during House of Representatives Question Time at Parliament House.

Valiant efforts by the opposition … Tony Abbott, Joe Hockey, Peter Dutton and Kevin Andrews could not stop Kevin Rudd recovering his mojo. Photo: Glen McCurtayne

Since the Prime Minister decided personally to shoulder ”full responsibility” for the bungled home insulation program, his assiduous attention to detail has known no bounds.

It reached the surreal point yesterday where he was giving out his phone number on Melbourne radio so home owners could call to complain about dodgy batts in their roofs.

On Wednesday he strode out of Parliament House in shirt sleeves, unannounced, to listen sagely to protesting installers and jot down their complaints in a little notebook.

Biomass- An Emerging Fuel tor Power Generation

admin /25 February, 2010

February 24, 2010

Biomass – An Emerging Fuel for Power Generation

Biomass is positioned to become the next major player in U.S. renewable power generation. Preparations are underway and the impact could be substantial.
by Lee Clair, Norbridge Inc.
Oklahoma, United States [Renewable Energy World North America Magazine]

The European market for biomass-fired power and heating is more developed than that of the United States, mainly due to stringent European regulatory requirements and broad public support for renewable initiatives. Denmark, for example, enacted legislation as early as 1993 requiring increased use of biomass in energy supply. At present, the 27 nations of the European Union (EU) have agreed to raise the share of renewables in the energy mix to 21 percent for electricity and 20 percent for heat by 2020. In 2005, two-thirds of all EU renewable energy came from biomass, which is expected to retain a significant share of EU renewables going forward.

As a result of these regulatory requirements, growing public awareness and the Kyoto protocol, the market for biomass in Europe is strong and growing. According to the European Biomass Association, the EU will increase its biomass consumption from 13 million tons annually today to 100 million tons by 2020. In fact, most large North American biomass pellet plants were built specifically to export to the European biomass market.

Europe is several years ahead of the U.S. in biomass development. However, state-level renewable portfolio standards are now mandating that U.S. utilities begin the process of embracing biomass. It is possible that within several years, the U.S. biomass landscape may more closely resemble that of Europe.

Power station developers dismiss renewable energy

admin /25 February, 2010

Power station developers dismiss renewable energy

BEN CUBBY

February 25, 2010

TWO new fossil fuel power plants that will increase the state’s greenhouse gas emissions by between 5 and 15 per cent will move a step closer to construction this week after developers claimed renewable energy cannot feed a growing hunger for electricity.

The carbon emissions from the power stations, which would be added to existing plants at Mount Piper near Lithgow and Bayswater in the Hunter Valley, would equal a doubling of the number of cars on NSW roads.

But the two government-owned developers, Delta Electricity and Macquarie Generation, say they are essential to meet demand and replace older, less efficient coal-fired generators.

Their responses to public submissions dismiss the idea of investing in solar or wind power instead. Macquarie Generation says NSW will have trouble meeting the national 20 per cent renewable energy target by 2020 because ”other states have better renewable resources”.

Wireless Technologies in Renewable Energy Markets

admin /25 February, 2010

February 22, 2010

Wireless Technologies in Renewable Energy Markets

The same wireless technologies that are used in many utility applications are available to renewable energy plants.
by Colin Lippincott, FreeWave Technologies
Oklahoma, United States [Renewable Energy World North America Magazine]

As alternative energy sources such as wind and solar become an increasingly compelling solution for power generation, utility operators are looking for new ways to maximize their investment in communication networks while ensuring reliable, secure data transmission across them. A variety of communication options exist, including data radios, fiber-optic cable, cell phones and satellite modems.

The same wireless technologies used in many utility applications, such as distribution automation, are available to renewable energy plants. With wind turbines and solar power generation, systems can often benefit from the cost savings of wireless versus fiber optic cable. While fiber is both an expensive and time-consuming process to install, wireless technologies are easily deployed, dependable solutions. Wireless technologies can support all types of solar power generation models, from the solar troughs, dishes, tracking photovoltaic and heliostats, delivering information directly to the user’s desktop.