The Investor Group on Climate Change has lauded Aware Super for its engagement with Australia’s dirtiest company, some nine months after Aware dumped its holdings.
As analysts warn this week’s IPCC report will only accelerate momentum toward decarbonisation, coal and gas exporters say they can help reduce emissions.
Australian governments are falling short of the rapid emissions cuts which a landmark climate report says is needed to avoid global warming’s worst impacts.
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Alinta Energy chief executive Jeff Dimery says those objecting to proposed reforms of the National Electricity market have vested interests and are ignoring the critical need to keep electricity supply secure as the system transitions to low-carbon energy.
Mr Dimery said the sort of “capacity market” supported by the Energy Security Board would provide compensation for critical services being provided by coal and gas plants into the grid. He rejected arguments from renewables developers that it would kill investment in wind and solar, noting the scale of investment going into that sector – including from Alinta itself – in Western Australia, which already uses that kind of market.
By MICHELLE SLATER
A Melbourne-based company is eyeing off the Latrobe Valley to manufacture and install floating solar panels on the region’s open cut coal mines.
FloatPac Solar is in talks with the region’s major energy companies to install the technology at the Valley’s three mine sites and the Hazelwood cooling pondage.
It also includes discussions with Loy Yang A operator AGL as the company plans to eventually transform the coal-fired power station into a low-carbon
industrial energy hub.
FloatPac Solar chief executive officer Gavin Hodgins outlined the plans at a webinar on Monday night at a magazine launch led by Communities Leading Change talking about transition beyond coal.