Category Archives: Fossil Fuel Reduction

PLEA Network

13 July 2015, The Guardian, Abbott government extends renewable energy investment ban to solar power. Clean Energy Finance Corporation banned from investing in small-scale solar projects in move industry claims is ‘revenge politics’ that will strangle the sector: A directive banning the Clean Energy Finance Corporation (CEFC) from investing in existing wind technology will also apply to small-scale solar projects, a move that will effectively throttle the industry, the Australian Solar Council said. The federal government on Sunday confirmed that the $10bn CEFC will no longer invest in wind power, instead focussing on “emerging technologies”.

“It is our policy to abolish the Clean Energy Finance Corporation because we think that if the projects stack up economically, there’s no reason why they can’t be supported in the usual way,” Abbott told reporters in Darwin. “But while the CEFC exists, what we believe it should be doing is investing in new and emerging technologies – certainly not existing windfarms. “This is a government which supports renewables, but obviously we want to support renewables at the same time as reducing the upward pressure on power prices,” the prime minister said. “We want to keep power prices as low as possible, consistent with a strong renewables sector.”

PLEA Network

7 July 2015, The Guardian, Bulga residents battling mine expansion hail NSW government planning decision. The NSW planning minister says a proposed amendment would give social and environmental issues equal standing with the economic in decision making. Residents in the New South Wales town of Bulga, which was previously earmarked for relocation due to the expansion of a nearby mine, have seized upon changes to the state’s planning laws as potentially crucial in their battle to prevent the project’s extension. NSW planning minister Rob Stokes has released a proposed amendment to the state’s mining environmental planning policy. The change removes a provision that makes the economic importance of resources “the principal consideration” when determining whether to allow mining projects. Stokes said the draft change would ensure decisions were made with environmental and social, as well as economic, factors in mind. Read More here

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7 July 2015, Bloomberg Business, Refracking Is the New Fracking: The technique itself is nothing new. Oil crews across the world have been schooled on its simple principles for generations: Identify aging, low-output wells and hit them with a blast of sand and water to bolster the flow of crude. The idea originated somewhere in the plains of the American Midwest, back in the 1950s. But as today’s engineers start applying the procedure to the horizontal wells that went up during the fracking boom that swept across U.S. shale fields over the past decade, something more powerful, more financially rewarding is happening. The short life span of these wells, long thought to be perhaps the single biggest weakness of the shale industry, is being stretched out. Early evidence of the effects of restimulation suggests that the fields could actually contain enough reserves to last about 50 years, according to a calculation based on Wood Mackenzie Ltd and ITG Investment Research data. Read More here

PLEA Network

7 July 2015, Renew Economy, Network charges may penalise uptake of battery storage, as well as PV: The trend among some electricity networks to penalise or discourage the uptake of rooftop solar by imposing fixed tariffs or additional fees is now extending to battery storage, with one network accused of trying to lift charges to households with storage even though they are reducing peak demand. In an analysis of recent tariff proposals by South Australia Power Networks, which included a since-rejected attempt to apply a surcharge to solar households, the Australian PV Institute says SAPN now seems intent on penalising households that install battery storage, despite their obvious network benefits. “SAPN admit that batteries will reduce network peaks but still wish to charge PV households that install batteries as if they are increasing the peak,” the APVI, an independent institute, says in a newly released discussion paper. Read More here