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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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    Australia faces higher power costs.

    Energy transition will cost much more than politicians are pretending

    The brutal reality is that taxpayers and consumers will be on the hook for much higher costs under a renewable or nuclear energy system.

    • John Kehoe

    Why overseas money is pouring into Australian green energy

    The country’s electricity generation sector is being radically reshaped, and there is hardly a household name among the big participants in solar, wind and batteries.

    • Angela Macdonald-Smith
    Power prices are expected to be volatile through Australia’s transition to low-carbon energy.

    RBA inflation target challenged by power prices

    Other areas of the economy will need to offset the impact of higher than expected power prices to keep inflation within target, economists say.

    • Angela Macdonald-Smith and Ronald Mizen

    Power prices to surge amid sluggish rollout of clean energy: UBS

    Wholesale power prices could be almost 50 per cent higher than last year, the investment bank’s analysts warn, as renewables project development has stalled.

    • Angela Macdonald-Smith

    Better carrot and stick provides investment certainty for carbon cuts

    The climate safeguard mechanism for large emitting facilities means reaching the 43pc emissions reduction target by 2030 is certainly “doable”.

    • Kerry Schott
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    June

    Installing nuclear power wouldn’t much reduce the need for a massive build-out in wind and solar generation, BNEF said.

    Nuclear power would do little to reduce need for renewables: report

    The task of reaching a net-zero emissions power sector is “Herculean” but can be done without nuclear.

    • Angela Macdonald-Smith
    The renewable energy zone will connect up solar, wind and storage plants around the Dubbo region.

    Nation’s first renewable energy zone wins approval

    The Central-West Orana infrastructure project is intended to drive up to $20 billion in private investment in solar, wind and storage projects.

    • Angela Macdonald-Smith
    Coal power plants will close faster than their owners have announced so far, the energy market operator says.

    Nuclear out in cold in $122b power grid plan

    The energy market operator says work needs to start on another $3.4 billion of transmission lines in its latest $122 billion plan to transform the power grid.

    • Angela Macdonald-Smith
    Siobhan Toohill, Westpac’s chief sustainability officer, is leaving Westpac to pursue a new challenge. “Challenging times can present the greatest opportunities for impact,” she says.

    The ‘utterly shocking’ moment that made Westpac leader want to flee

    Siobhan Toohill, the winner of the Financial Services - Banking category, faces a new frontier after 10 years leading Westpac’s sustainability efforts, including convincing the board to ditch new oil and gas projects.

    • Ayesha de Kretser
    Wind power generation for the June quarter could hit its lowest since 2017 despite many new wind farms.

    ‘Dark doldrums’ hits wind power supply

    A “drought” in wind power generation, described by the German word dunkelflaute meaning “dark doldrums”, has surprised the market and contributed to a squeeze on east-coast gas supplies inflating wholesale prices.

    • Angela Macdonald-Smith
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    Sir Andrew Mackenzie: time to focus on the best few climate solutions

    The Shell chairman says the world’s carbon challenge is harder than he realised while running BHP, and it’s time for a global focus on a few winning solutions

    • Peter Ker and Lap Phan
    Neoen’s global boss Xavier Barbaro says the takeover by Brookfield will provide capital to fund growth.

    Renewables investing ‘not for everyone’, says Brookfield-target Neoen

    Neoen global boss Xavier Barbaro says the capital intensity of the renewables industry is impacting investor appetite.

    • Angela Macdonald-Smith

    Rio Tinto puts biofuels before batteries in carbon credit push

    The miner reckons farmers should be eligible to earn carbon credits for growing crops that can be turned into carbon-neutral biofuels.

    • Peter Ker
    Highview says its liquid-air energy-storage tech can solve the firming challenge for renewable power.

    Rio Tinto punts on British start-up to plug renewables gap

    The mining giant joined a $575 million investment round for Highview Power, which says its storage technology can firm renewable power.

    • Hans van Leeuwen
    The squeeze on east coast gas supplies forced the Australian Energy Market Operator to issue a “threat notice” late on Wednesda.

    Skyrocketing gas prices intensify fears of shortage this winter

    There are growing fears the long-forecast shortage in supplies in the south-eastern states will emerge this winter, hitting manufacturers hard.

    • Updated
    • Angela Macdonald-Smith and Gus McCubbing
    Grong Grong’s mini solar farm could be part of the solution to the energy crisis.

    Grong Grong (population 150) does its bit to solve the energy crisis

    Small-scale solar farms like that at Grong Grong can fly below the radar but represent a large opportunity to plug renewable power into the system. 

    • Nick Lenaghan
    Nuclear power plants benefit from a pipeline of similar projects, experts say.

    Over budget and plagued with delays: UK nuclear lessons for Australia

    The big challenges facing nuclear power in Britain, both for large reactors and SMRs, are not technological or economic, but largely administrative and logistical.

    • Hans van Leeuwen
    Opposition Leader Peter Dutton at his nuclear press conference on Wednesday.

    Switkowski backs nuclear push, Dutton promises costings

    Ziggy Switkowski says nuclear power has a role to play in the zero-emissions energy mix and would deliver a positive return to taxpayers.

    • Phillip Coorey
    Peter Dutton is proposing seven nuclear plants in Coalition electorates.

    Dutton is prepared to take risks, but he is no onion eater

    The signature difference between what the Coalition unleashed on Wednesday and the debilitating climate fights of the past is that both parties are operating from the assumption that emissions need to be reduced.

    • Phillip Coorey
    The Coalition wants small modular reactors such as this design by Westinghouse proposed for the UK.

    Tech no hurdle for Coalition’s nuclear plan

    Several proven technologies would fit the bill for the opposition’s nuclear expansion plan, while Australia has a head start on nuclear regulation, experts say.

    • Angela Macdonald-Smith
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    Opposition Leader Peter Dutton.

    Labor’s AUKUS embrace negates nuclear waste argument: Dutton

    Labor has already agreed to establish a high-level nuclear waste dump under the AUKUS pact.

    • Phillip Coorey
    Commuters in Melbourne this week as overnight temperatures fell to zero. The threat of gas shortages in the south-east will only become “more real” as winter takes hold, an analyst warns.

    Gas shortage warning exposes deep energy mess

    Low wind power amid a cold snap is threatening to create a gas shortfall – exposing the effect of supply restrictions and jeopardising the Coalition’s nuclear ambitions.

    • Updated
    • Angela Macdonald-Smith and Gus McCubbing
    Orica CEO Sanjeev Gandhi and chairman Malcolm Broomhead at Orica House in East Melbourne.

    What do Nobel, Dulux and Australia’s first high-rise have in common?

    From making bricks for the 1956 Olympics to paint, explosives and mining technology company Orica’s long history mirrors the Australian economy.

    • Patrick Durkin
    Morwell manufacturing manager Peter Ceeney says the Latrobe Valley is screaming out for more jobs and he doesn’t mind if they come through nuclear or renewables.

    Towns at ground zero say if nuclear means jobs, bring it on

    People in Morwell and Traralgon, at ground zero of the nuclear debate, say the need for new jobs could win them over to Peter Dutton’s nuclear energy plans.

    • Gus McCubbing
    Opposition Leader Peter Dutton has challenged Prime Minister Anthony Albanese on nuclear energy.

    Dutton challenges Albanese to nuclear election

    Peter Dutton has pulled the trigger on the nuclear power plan the opposition will take to the next election, sparking concern about delays to the energy transition.

    • Updated
    • Phillip Coorey