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Carbon challenge

News and analysis on the obstacles and opportunities in the transition to a net-zero economy.

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Latest

Hitting it for six: The minimum standard of six star thermal efficiency ratings set in 2010 was upgraded to 7 stars last year.

Older, ‘cheaper’ houses hide costs that bite owners

More than 80 per cent of Australia’s houses have half the energy efficiency of the latest standards – and that’s going to make them less valuable.

  • Michael Bleby

Rio Tinto says carbon price pain justifies action on emissions

Carbon pricing schemes in Australia and Quebec mean almost half of Rio’s emissions are subject to penalty and would soon cost $940 million per year if not tackled.

  • Peter Ker
Potentia Energy CEO Werther Esposito in Sydney on Friday.

Revamped Potentia Energy scours market for big battery investments

The company once known as Enel Green Power Australia has plenty of cash to splash on renewable assets.

  • Angela Macdonald-Smith

CSIRO doubles down on nuclear power as too costly, slow

The science agency’s latest report on future energy needs comes just ahead of the long-awaited costings for Peter Dutton’s nuclear energy policy.

  • Angela Macdonald-Smith

The Pilbara plots its path from diesel to clean, green mining

Port Hedland is bang in the middle of the country’s industrial engine. There are ambitious plans to decarbonise with miles of transmission and new generation.

  • Angela Macdonald-Smith
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This Month

David Di Pilla.

Di Pilla finds big super backers as he clinches $950m clean energy buy

The veteran dealmaker’s HMC Capital is acquiring a portfolio of renewable generation assets from Neoen and becoming a major player in the energy transition.

  • Updated
  • Angela Macdonald-Smith
There are fears of blackouts and surging electricity prices in the hottest months of the year.

Emergency market operator moves to plug gaps ahead of hot, wet summer

The energy market operator has placed emergency energy reserves on standby ahead of the hottest months of the year and warned about managing gas supplies.

  • James Hall
APA’s Port Hedland solar farm and battery project will help BHP cut emissions from its port operations.

APA plots path from gas to become a Pilbara solar and batteries giant

The company, which opened its latest electricity project in Port Hedland on Tuesday, expects to tick off on more investments in the region within a year.

  • Angela Macdonald-Smith
More energy customers entered hardship programs in 2023-24 as cost-of-living pressures mount.

Household hardship mounts as energy prices increase

More households are entering hardship programs to try to keep with their energy bills, even as government rebates take the edge off sharp price rises in the past year.

  • Angela Macdonald-Smith

November

Tim Nelson and three other experts have been tasked with rewriting the rules for the National Energy Market.

‘Nothing’s off the table’: Expert panel to overhaul electricity market

Energy Minister Chris Bowen has tapped former AGL Energy executive Tim Nelson and three other industry specialists to review the National Energy Market.

  • Updated
  • Angela Macdonald-Smith
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Origin Energy’s Unit 3 at its huge Eraring coal power plant on the Central Coast should be back online this weekend.

Generators scramble after NSW’s near miss on blackouts

More than 2000 megawatts of coal power capacity is due back online within 10 days, as generators scramble to avoid a repeat of Wednesday’s close shave on the NSW power grid.

  • Angela Macdonald-Smith

Electrification and renewables could slice 20pc off energy bills: AEMC

The agency that writes the rules governing the electricity and gas markets estimates big savings for families if they move away from petrol cars and gas.

  • Angela Macdonald-Smith
One unit is unexpectedly out of action at AGL’s large Bayswater generator in the Hunter Valley.

Blackout risk lingers in NSW as coal outages hit

The tight electricity supply in the state follows an unusually large number of unexpected outages at coal power units.

  • Updated
  • Angela Macdonald-Smith
The number of rooftop solar panels has passed four million. But there are potential dangers for consumers.

Where have the cowboy solar panel spruikers gone? Home battery storage

The roll-out of renewables to households has been a success. But it has come with a dark side, with dodgy operators taking advantage of ill-informed customers.

  • Angela Macdonald-Smith
Climate Change and Energy Minister Chris Bowen at COP29 in Baku, Azerbaijan.

Australia left in limbo after fight to host global COP talks falters

Australia is vying with Turkey to host the annual climate summit, but a discordant meeting in Baku deferred the decision until June – after the federal election.

  • Updated
  • Hans van Leeuwen
Woodside CEO Meg O’Neill said the federal government needs to act to grow gas production or risk compromising Australia’s energy security.

Labor failing gas industry on lawfare, approvals: O’Neill

Meg O’Neill said the Albanese government’s lack of progress on streamlining gas approval processes and reining in “lawfare” risks imperilling energy security.

  • Angela Macdonald-Smith
Tomago is the country’s largest aluminium smelter and the single biggest user of energy.

The country’s biggest aluminium smelter says green target unreachable

Rio Tinto-backed Tomago, which uses more power than any other industrial operation in Australia, says renewable energy is too expensive and in short supply.

  • Angela Macdonald-Smith
Santos CEO Kevin Gallagher in Sydney on Tuesday.

Dollars over barrels: Santos’ pledge to investors

A new dividend policy – which is underpinned by softer guidance for output – comes amid pressure on the oil and gas producer to lift investor returns.

  • Angela Macdonald-Smith

The energy transition will be much cheaper than you think

Analysts have for decades severely overestimated energy demand and underestimated the speed of technological advances.

Why the world’s biggest climate conference is a cynical scam

The COP process is now worse than superfluous: it has become a cynical exercise in moral blackmail against the West.

  • Ambrose Evans-Pritchard
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America got the world driving. Now it’s going home

The US car industry is turning inwards again for the first time in a century. Detroit got the world on the road. BYD will inherit the earth.

  • David Fickling
A protester speaks at COP29 in Baku, Azerbaijan.

No-shows and early exits make climate talks a sideshow

The world leaders who skipped Baku last week are all in Brazil now. While COPs are always fraught and fractious, this one feels at risk of sliding into irrelevance.

  • Updated
  • Hans van Leeuwen
QIC investment director Lottie Bryon, private equity partner Nick Guest and private equity analyst Eden Peterson.

QIC bets on Aussie climate tech companies, backs $200m VC

Queensland’s sovereign fund has joined Westpac and Clean Energy Finance Corporation in backing Virescent Ventures’ second climate-focused fund.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Glencore CEO Gary Nagle says there has been an evident shift in thinking around ESG outside of Australia.

NSW idle in pragmatic shift on coal: Glencore CEO

Gary Nagle says the state, where Glencore is struggling to extend the life of a coal mine, has fallen behind the rest of the world in failing to adopt a more “neutral” position on the fossil fuel.

  • Angela Macdonald-Smith

Coal miners halt climate fund donations citing lack of projects

Australia’s cashed-up coal miners have put the brakes on contributions to an industry decarbonisation fund and the decision will be reviewed “periodically”.

  • Peter Ker