Author: Neville

  • Good News For The Great Barrier Reef GET-UP

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    A great day for our Barrier Reef

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    Sam R – GetUp!

    2:37 PM (54 minutes ago)

    to me
    Something incredible is happening, NEVILLE.

    The world’s biggest investment banks are abandoning Abbot Point — the coal terminal that threatens our Reef.

    Early this morning, the Wall Street Journal broke the news. It reported Citibank “does not plan to be involved in any financing for the Abbot Point expansion”.1 What’s more, it reported other major US banks are distancing themselves from the project too.

    This is big. Wall Street sets the agenda for the entire investment community. Their position will send a clear message to other banks — Abbot Point is a bad investment, stay away. But Indian energy giant Adani still has a strong chance to borrow the $10 billion it needs to finance Abbot Point and its Carmichael megamine, and the threat to our Great Barrier Reef remains imminent.

    Commonwealth Bank, Westpac, ANZ and NAB are the banks most crucial to funding Abbot Point.

    Can you help run this full page ad in The Australian, asking our Big 4 Australian banks why they won’t rule out funding Abbot Point?

    A new report says Abbot Point and other Galilee Basin coal projects are “highly unlikely to proceed without the support of the four Australian bank majors,” and that“each of these four will be critically important” if it is to continue.2

    In short, if our banks refuse to fund Abbot Point and Adani’s mines, the coal port on the Reef coastline we’ve fought against for so long will almost certainly never happen.

    Click here to see the ad and chip in to run in in The Australian.

    The fossil fuel lobby won’t like today’s news. In fact, it will terrify them. We know they’ll feel threatened and lash out fiercely — doing everything they can to try and stop the Big 4 following the lead of Citibank.

    It’s now up to us to counter the fossil fuel lobby and their bullying tactics. They might have the money and the friends in high places, but we’ve got the numbers. We need to show Westpac, ANZ, Commonwealth Bank and NAB there will always be more support for protecting our Reef than destroying it.

    If enough of us chip in now, we can run this full page ad and show the banks how much support they have to protect our Reef.

    Help run this ad and make it clear to Commonwealth Bank, Westpac, NAB and ANZ their reputations are on the line.

    We’re close, but we’re not done yet. Thank you for everything.

    Sam R and Paul, for the GetUp team

    [1] Morgan Stanley Balks at Financing Australia Coal Port. Wall Street Journal. October 27, 2014.
    [2] Briefing: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals.
    Institute for Energy Economics and Financial Analysis. October 22, 2014.

  • Renew Economy Daily Update

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    Daily update: How Coalition proposes to kill $20 billion renewables industry

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    Renew Economy editor@reneweconomy.com.au via mail19.atl111.rsgsv.net 

    3:18 PM (10 minutes ago)

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    How coalition proposes to kill $20b renewables industry; Hydro Tasmania dumps King Island; Solar cheaper in India than imported coal; US banks opt out of Abbot Point; Australian again blasted by record heat; Coal biggest threat to Great Barrier Reef; When Tesla takes hold in Australia, your car dealer won’t like it; and How clean are hydrogen fuel cell EVs?
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    RenewEconomy Daily News
    The Parkinson Report
    Only a handful of small solar projects have been committed this year, showing the impact of the Coalition’s war on renewables. Meanwhile, new research reveals the true impact of a “real” 20 per cent target as Coalition plays fast and loose with targets.
    Hydro Tasmania has dumped idea of building $2bn wind farm on King Island, but still harbours dreams of providing baseload renewable energy to mainland.
    Results of latest solar auction shows solar PV projects in India are cheaper than the electricity price needed to pay for imports of coal from Australia.
    Citigroup and Morgan Stanley say no to Queensland coal mines and ports, but UNSW says yes to fossil fuel future.
    Another sweaty weekend for Australians with Saturday’s continent-wide average maximum topping 36°C — a record for October.
    Reef historian Iain McCalman, and reef scientist Stephen Palumbi, are monitoring reef degradation from opposite sides of the planet. They compared notes.
    Tesla’s introduction to Australian roads promises to change both the type of cars we drive and potentially the way we buy them.
    Long planned and anticipated, the first production-version FCEVs are rolling out and more are on their way, but how clean are they?
  • The Latest Data Contradicts Myths About Renewable Energy

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    October 26th, 2014 by

    Examining the latest data from EIA and Fraunehofer ISE.

    Originally published in the ECOreport.

    The biggest news to come out of the US Energy Information Administration’s (EIA) report for August is that utility solar’s production of electricity is up 93.6% over last year. This is the principal reason that the renewable contribution is up 9.6%, and only half of the story. The EIA does not record production from rooftop solar (which means solar’s overall contribution is significantly higher) and production figures are down in every fossil fuel sector. This trend is also seen in the latest figures from Germany, where solar production is up 7.7%, wind 8%, and biomass 11% over last year. The latest data contradicts myths about renewable energy.

    Myth one: Renewable energy does not replace fossil fuels, but rather ensures their use will be perpetuated.

    myths about renewable energy 1

    The graph above shows German electrical production for the first nine months of 2014. Note that the only increases are in the solar, wind, and biomass sectors. Brown coal usage is down 4.9%, hard coal down 14.8%, and gas down 19.8% over last year.

    Germany’s renewables have produced 31% of that nation’s electricity, far more than in the US, but the trends are similar.

    The graph below is drawn up from the EIA data from August 2014. As was the case in Germany, the only sectors “in the black” are wind, solar, and biomass.

    myths about renewable energy 2

    Coal (39%) and natural gas (31.5%) are still the principal sources of US electricity. The renewable sector only contributed about 10% and about half of that was from non-hydroelectric sectors like wind, solar, and biomass.

    The good news is this is changing, the renewable sector is growing.

    Myth Two: You need fossil fuel backup for every renewable energy facility.

    A German company called Younicos wants to see battery storage plants replace 25 of of that nation’s fossil fuel burning plants. Their 5 MW plant at Schwerin has already proven that battery packs are faster ramping up and more efficient. Though batteries do not provide a total solution — they get expensive when used for long periods of time — they are ideal where there is a need for fast ramping up or down. Phillip Hiersemenzel of Younicos said battery storage plants could carry 60% of the load in Germany.

    Myth Three: The adoption of renewable energy has not led to the  retirement of a single fossil fuel plant.

    The map below shows plants that will be replaced up until August 2015. The vast majority of the dots are coal plants (grey). There are a few natural gas plants (reddish brown) and “other” (blue). Aside from the “other,” these are all fossil fuel plants.

    myths about renewable energy 3

    The map below shows what they are being replaced by. There is a lot of solar in Southern California, wind energy in the middle of America, and natural gas in the East.

    myths about renewable energy 4

    The Sierra Club’s Beyond Coal” campaign spells this picture out more clearly on its “Victories” page. 178 coal plants have been retired. They claim that 75,334 “dirty megawatts” have been replaced by 66,400 clean energy megawatts.

    This is the same trend being reported by the EIA and Frauenhofer.

    Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.

  • Crunch Time For Renewables GET-UP

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    Crunch time for renewables

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    Paul – GetUp!

    6:51 PM (4 minutes ago)

    to me
    Dear NEVILLE,

    Right now, back-room negotiations are underway between Labor and the Coalition to decide the future of renewables in Australia.

    Tony Abbott’s position is clear: the Coalition wants to slash the Renewable Energy Target by up to 40%1 — which would kill off investment, cost thousands of jobs and drive up power bills and carbon pollution2. They’re under enormous pressure from the fossil fuel lobby, led by dirty power companies Origin and AGL. AGL has even called for this crucial renewables policy to be scrapped altogether.3

    But we have what it takes to win this campaign. More than 75% of Australians, regardless of who they vote for, support the Renewable Energy Target. That’s our strength and now’s the time to mobilise it.

    NEVILLE, we know Coalition backbenchers are rattled about the Government’s performance on jobs and the economy. They need to be reminded that their own constituents see the connection between slashing the Renewable Energy Target and fewer jobs, weakened investment, and higher cost of living. Can you take a few minutes to email your Coalition MP and let them know a strong RET means a strong Australian economy?

    https://www.getup.org.au/save-the-ret

    The Government is parroting their support for a ‘real 20%’ target, but this is a false argument – not to mention a distraction from the $4.5 billion worth of profits that dirty power companies could make if the Renewable Energy Target is cut4.

    The fact is, since 2001, the Renewable Energy Target’s enabled a whopping $20 billion in investment into the Australian economy, created more than 24,000 new jobs and opened up the electricity market to increased competition and lower prices for consumers5.

    In short, the Renewable Energy Target is:

      1. Strengthening our economy and creating thousands of new jobs
      1. Generating cheaper power, easing the cost of living for everyone
    1. Driving investment, jobs and innovation, and allowing Australians to go solar

    In regional Victoria last week, 100 jobs were axed by one of Australia’s largest manufacturers of wind farm towers because of the Abbott government’s move to drop the Renewable Energy Target. It’s a sad indicator of what will happen if the fossil fuel lobby succeed: jobs will be lost, investment in renewables will flatline and our power bills will rise.

    We know the Coalition backbench are vulnerable to this type of criticism — and if their own constituents slam them for making a cut that makes no economic sense, they could back away from the lobbying of the big power companies and start agitating for a strong renewables target.

    Your local MP could be a renewables champion, but has anyone asked them to step up? Please write to them now and ask them to ensure Australia keep its renewables target strong.

    https://www.getup.org.au/save-the-ret

    Thanks for all that you do,

    Paul, Lily, Kelsey and the GetUp team

    PS – If the Renewable Energy Target is cut, it will be everyday Australians who pick up the bill, through increased power bills, tens of thousands of lost jobs, more carbon pollution and a damaged economy — just when we really need new, strong industries, as the mining boom ends.

    You can be sure that your local MP is watching this issue closely. They urgently need to hear from you and why you support a strong Renewable Energy Target. Can you write to your MP and ask them to step up to save the 41,000GWh Renewable Energy Target? https://www.getup.org.au/save-the-ret

    Notes:
    [1] Ian MacFarlane defends proposed cut to renewable energy target, Sydney Morning Herald, 26 October 2014.
    [2] Why we need the Renewable Energy Target, Clean Energy Council, 2014.
    [3] Big power company profits – the real outcome of any changes to the Renewable Energy Target, The Climate Institute, 18 August 2014.
    [4] AGL Energy Calls for Renewables Target to be Scrapped Completely, Renew Economy, 24 October 2014.
    [5] Why we need the Renewable Energy Target, Clean Energy Council, 2014.
    [6] Move to Lower Renewable Energy Target Claims 100 Jobs at Keppel Prince, The Australian, 24 October 2014.

  • Renew Energy Daily Update

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    Daily update: Will Australia be to world climate talks what Poland is to Europe?

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    RenewEconomy editor@reneweconomy.com.au via mail64.wdc03.rsgsv.net 

    3:09 PM (1 hour ago)

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    Will Australia be to world climate talks what Poland is to Europe? Australia installs 1GW rooftop solar since Jully’13; First Aussie green bond released by Stockland; Deutsche Bank sees all 60 US states at solar grid parity by 2016; ANZ funds wind farm, but not in Australia; Solar train stations save up to 30% on power; Canadian climate denier touring Australia; Panasonic and Powertree Services to build solar-storage EV charges; From grid waste to good taste; and 4 reasons why LNG is wrong for electricity in the Caribbean.
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    RenewEconomy Daily News
    The Parkinson Report
    Europe has made the first substantive commitments of any major polluter towards an international climate deal. It puts a lie to Abbott government claims that the world is not acting, but raises fears that Australia could expand its role as a spoiler in international climate deal.
    The installation of rooftop solar jumped in the September quarter as Australian households and businesses reacted to uncertainty about the future of the renewable energy target.
    Property developer Stockland has launched Australia’s first green bond from a company – a $431 million issuance to raise funds for green building projects.
    Setting the scene for a dramatic increase in the uptake in household and commercial rooftop solar in the world’s biggest economy.
    After a week of being targeted by anti-coal protestors, ANZ closes a $315m funding round for the development of a wind farm – in the Philippines.
    Five Victorian train stations built or upgraded for state government’s Regional Rail Link project use 100+ solar panels to provide power and hot water.
    Backed by the Galileo Movement, Patrick Moore – who recently compared environmentalists to the Taliban – is touring Australia.
    The offering will combine vehicle charging with solar PV and battery backup.
    An innovative farm is hoping to turn a losing situation into a win-win by producing crops while reducing power grid waste.