August 2022
Fight for climate peace starts now
AS PEOPLE gathered for the electric vehicle summit in Canberra yesterday, the hope in the air was palpable. But despite the Albanese government’s rhetoric, the so-called climate wars are far from over. In reality, the fight for meaningful climate peace is only just beginning. The policy struggle now is not between Labor and the Coalition,
July 2022
Ignoring warnings of Europe’s extreme heatwave locks Australia into a worst-case scenario
The unprecedented heatwave and fires engulfing Europe might seem a long way away, but they are a frightening portent of what’s in store for Australia. Britain has just experienced its highest temperature ever, extreme conditions and fires are sweeping Spain, Portugal, France and Greece. This is just the latest in a string of extreme events
Australia’s farcical climate policy: market forces to cut emissions and subsidies to destroy carbon sinks
Climate change often gets blamed on market failure, but government failure plays a pretty big role as well. Not only do Australian governments spend more than $11.6 billion per year subsidising fossil fuels, at the same time the Federal Government spends billions paying some landholders to grow more trees, state governments perversely continue to subsidise
June 2022
‘We want to be part of that movement’: residents embrace renewable energy but worry how their towns will change
Amid soaring energy costs, the new Labor government is working to deliver a A$20 billion pledge to rebuild and modernise Australia’s electricity grid. It will help deliver a plan for 122 gigawatts of new renewable energy in the National Electricity Market by 2050, eventually replacing coal generation. The transition will bring significant social, economic and environmental change. Electricity generation
Ministers addressing our spiralling energy crisis have ignored the greatest opportunitie
There is an energy crisis. Actually, there are two separate but related crises, an electricity price crisis and gas price crisis. While separate they both have the same problem, our reliance on fossil fuels. The first is a sharp rise in electricity prices, caused almost entirely by our dependence on coal and gas for electricity
Gaslighting Australia
Local gas suppliers aren’t in crisis – soaring prices are going according to plan The Australian gas industry isn’t in crisis; it’s in heaven. Its profits and share prices are rising even faster than its greenhouse gas emissions, and everything is going according to the plan it has been working on for more than a
April 2022
The election campaign needs to tackle climate change
In the week before the election campaign began the IPCC released its latest report that contained warnings that deep, rapid and sustained emissions reductions are needed to prevent temperatures from rising 1.5C or 2C above pre-industrial levels.
March 2022
The era of the great carbon fraud is upon us
We are entering the great era of carbon fraud. Instead of rushing to end fossil fuels, there is going to be a gold rush for carbon offsets, dirty hydrogen and carbon capture and storage (CCS), all designed not to stop climate change, but to actually drive up the consumption of coal, oil and gas. There
All of us pay for natural disasters like Qld and NSW floods
Defence Minister Peter Dutton’s no doubt well-meaning attempt to raise money for Queensland flood victims though a GoFundMe appeal this week revealed two concerning disconnects from reality. One was the Government’s failure to grasp the scope of the new era of climate disasters we now face. The second was a failure to meet expectations for
February 2022
Largest coal plant to close early, but where is the national roadmap to manage the rest?
Australia’s largest power station is shutting down in 2025, seven years early. Origin Energy, having bought the power station from the New South Wales government less than 10 years ago, now wants to retire its last remaining coal asset. Upon announcement, the Origin Energy CEO stated “the reality is the economics of coal-fired power stations
January 2022
Funding for the Reef: A one billion dollar drop in the ocean
Headlines about public funding in an election year are generally accompanied by hi-vis vests, the promise of more jobs and occasionally a bit of Top Gun theme music thrown in for good measure. So it was unusual to see a beachside photo-op with Scott Morrison to announce a “record” $1 billion investment (over nine years)
This is what it looks like when the government gives up
The return of Summernats to Canberra reminds us the Prime Minister promised Australia would be going into 2022 ‘looking through the front windscreen, not the rear vision mirror’. In reality, National Cabinet seems to be doing the policy equivalent of a burnout (or a doughnut as I called them growing up), spinning its wheels furiously
December 2021
Comparing the Coalition and Labor’s climate modelling reveals some underlying truths
It’s no surprise the Business Council, the Australian Industry Group and the National Farmers’ Federation are supporting Labor’s position.
November 2021
Audacity of hype: Scott Morrison is betting voters will settle for plans over performance
Scott Morrison thrives in the empty space between three-year terms and 30-year plans. Whether it is climate change, nuclear submarines or budget repair – it is no accident the prime minister with the shortest planning horizon in living memory is our greatest announcer of long-run plans. While the vacuousness of Morrison’s net-zero “plan” and his
The Morrison government hasn’t done its homework for COP26
I’m in Glasgow and the city is buzzing. World leaders are starting to file in with cavalcades of police around them. Curiously, there is a mish-mash of colours and markings on the police cars, as they have come in from all corners of the United Kingdom. This conference is a big deal not just for
October 2021
We need a plan for Glasgow that isn’t a fraud
Our Prime Minister believes in miracles – which is lucky, because he might need one to get himself out of the political mess the Coalition has made of climate policy in Australia. Any day now, it is expected the Morrison government will make a commitment to net zero emissions by 2050. The PM is probably
Net zero by 2050 is a fraud if fossil fuels flourish
If you’ve ever seen the TV food series Nailed It!, or if you yourself are an amateur cook with a colourful track record, you’ll know that things don’t always turn out the way they look on the packet. This month, Prime Minister Scott Morrison will likely announce a net-zero emissions by 2050 target. On the
Scott Morrison’s ‘net zero by 2050’ emissions reduction plan will be filled with tricks and rorts
Sometime this month Scott Morrison will announce a net zero by 2050 emissions-reduction target for Australia. This announcement will be made with the expectation of praise. However, much like the world was indifferent when Australia signalled it would no longer be using Kyoto credits to meet its Paris targets, so too will this announcement be
September 2021
Richard Denniss: Australia’s carbon credits are a joke. Taxpayer money is being wasted on ‘hot air’
If a tree doesn’t fall in a forest, was the climate really saved? Sadly, such esoteric questions have become the main game in the topsy-turvy world of Australian climate policy, where rising emissions from the oil and gas industry are ‘offset’ by not chopping down trees. The polite term for the creation of dodgy carbon
August 2021
Energy reforms are adrift and consumers and the planet will pay
Today the federal, state and territory energy ministers will meet to discuss a range of proposed, clean energy-based redesigns of the National Electricity Market (NEM), prepared by the Energy Security Board (ESB). While Barnaby Joyce may still want to see what’s on the climate action ‘menu’, we know already that the Prime Minister’s easiest path
July 2021
Coming soon: The carbon taxes that cannot be repealed
Carbon taxes are coming to Australia whether we like it or not. They are coming despite the triumphant ‘axing of the tax’ in 2014. They are coming despite the updated but equally loud ‘technology not taxes’ sloganeering from the Morrison government in 2021. They are coming despite our government’s refusal to commit to a net-zero
June 2021
Scott Morrison is the accidental architect of a carbon tax – whether he likes it or not
While Australia sticks to accounting tricks, calls by other countries are growing to impose a carbon price on our export Who would have thought that Scott Morrison would be the one to reintroduce a carbon tax? And who would have thought it possible to design a carbon tax on Australian polluters that delivered revenue to
Richard Denniss explains why he’s returning his alumni award for National Leadership the University of Newcastle in the wake of Mark Vaile’s appointment as chancellor
You can’t be a leader if you follow people down the wrong path, which is why, with a heavy heart, I am returning the alumni award for National Leadership the University of Newcastle bestowed on me in 2017. I cannot understand how the council of a university whose motto is “I look ahead” could appoint
Open Letter: G7 Leaders should end not just coal, but also oil and gas finance in 2021
Originally published by the Thomson Reuters Foundation, the charitable arm of Reuters News. On June 11-13, World Leaders will gather at the G7 summit. There, they plan to adopt an agenda to “build back better from coronavirus and create a greener, more prosperous future”. We, the undersigned economists, believe that this means decisively shifting finance
Mice, floods and the climate crisis: why your insurance won’t cover society-wide catastrophes
The best way to keep premiums down is to prevent climate change and the disasters it causes No matter how much you pay for your home or car insurance, if your property is damaged by mouse plague, nuclear radiation, war or rising sea levels you are almost certainly on your own. If you’re lucky, your
May 2021
Australian subsidies give oil refineries the whole carrot farm while electric vehicles get the stick
The only viable long-term solution to our liquid fuel insecurity is to get off fossil fuels. Instead we are giving them taxpayer handouts When I was a kid, every year in early December we would go to the Geelong oil refinery in Corio. The refinery’s fire engine would cruise around, flash its lights and hand
The government’s embrace of ‘clean hydrogen’ helps no one but the fossil fuel industry
Nothing captures prime minister Scott Morrison’s approach to climate change better than his embrace of “clean hydrogen” – a BS marketing term that delivers nothing but obfuscation and helps no one but the fossil fuel industry. Tellingly, this approach isn’t even new: Morrison has simply dusted off an old polluter playbook and changed a few
April 2021
How can NSW allow new coalmines while committing to net zero emissions? It’s bizarre
New mines won’t boost world demand for Australian coal — but they will cannibalise jobs from existing coalmines The New South Wales government is simultaneously committed to a net-zero emissions target for 2050 at the same time as new coalmines in the Hunter Valley with the capacity to produce 10 times more coal than Adani’s
Coal’s fragile economics
When Malcolm Turnbull was dumped last week from New South Wales’ Net Zero Emissions and Clean Economy advisory board as quickly as he was appointed, the move shocked many people. Turnbull was dropped by his own protégé, the state’s Environment minister, Matt Kean, and by a government in NSW that had previously seemed receptive to
Australia’s recovery has not been gas-fired
The one thing we can say for sure about Australia’s economic recovery is that it has not been gas-fired. This week the Australian Bureau of Statistics confirmed that employment in Australia has recovered to better than pre-COVID levels. This noteworthy achievement is made all the more remarkable by the fact that over the course of
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