Daily update: Abbott keep Australia on climate margins, Hunt attacks solar
RenewEconomy editor@reneweconomy.com.au via mail12.wdc01.mcdlv.net
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Abbott to keep Australia at margins of climate talks; Hunt slams “cross-subsidies” of rooftop solar; why coal is the biggest loser; Unsubsidised wind & solar competitive with coal; Hunt attacks solar “cross-subsidy” from neighbours”; Citigroup sees Aus solar market at 2.2GW in 2020; Global Co2 emissions could peak well before 2020; The move to peak coal in China by 2016; If carbon budget was a cake, we’d be running out of dessert; China heads for price on carbon; Will Abengoa tower be last CSP project in US?; and Richmonds Tigers turn to solar.
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An unheralded G20 report calls on nations to introduce carbon pricing; little wonder Australia doesn’t want climate change mentioned at the November summit. Meanwhile, Abbott determined to keep Australia at margins of global climate talks, and will not offer new targets.
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Environment Minister Greg Hunt attacking rooftop solar as a “cross subsidy” from one neighbour without solar to another with solar.
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Citigroup says annual solar installations will more than double in Australia by 2020, with global market set to jump to 51GW in 2015.
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Wind and solar power are set to be cost competitive with coal-fired stations, even without subsidies, says US investment bank Lazard.
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Yet another major analysis has painted a bleak outlook for the global thermal coal industry.
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Action by US and China opens up opportunity to achieve what many thought was a lost cause – a peak in global emissions well before 2020.
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China is rapidly transforming its electricity system, with a central outcome to diversify the system away from coal-fired power generation.
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If the planet’s carbon budget was a giant cake, then we’d all be running out of dessert — fast.
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Economic reforms such as a national carbon price could usher in dramatic changes on China’s energy landscape.
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Can concentrated solar thermal (with or without storage) ever compete with photovoltaics in terms of electrical generation?
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Richmond Tigers install 100kW rooftop solar at its training facilities at iconic Punt Road headquarters.
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