“Carbon leakage” review launched The federal government has opened public consultation on options to help address the risk of carbon leakage and its impact on heavy industries, such as steel and cement. Leakage occurs when industries move from countries with more ambitious emissions reduction policies to those with weaker policies. According to a statement on…
The federal government has announced that it has reached an agreement to invest $69.2 million in the Stanwell Corporation-led Central Queensland Hydrogen Hub in Gladstone, with construction expected to begin next year. According to a joint statement from the federal and state governments on Thursday, the hub will create “over 8,900 jobs including roles in…
BlueScope’s weak US sales hit profit Steelmaker BlueScope has cut expectations for 1H VY24 EBIT to be in the range of $620 to $670 million, down from previous guidance of $700 to $770 million. The main driver of the change is the company’s US North Star operation, which is now expected to be half the…
The largest ever Commonwealth funding programme for renewable hydrogen, the $2 billion Hydrogen Headstart scheme, is now open for applications. The federal government’s Hydrogen Headstart program will help tap into the enormous global pipeline of private investment in hydrogen, hoping to attract investment from other locations. The United States’ $740 billion Inflation reduction Act and…
Minister for Climate Change and Energy Chris Bowen has rubbished opposition calls for Australia to embrace nuclear power in the form of small modular reactors. Opposition leader Peter Dutton has injected his idea of a nuclear renaissance into the energy debate, suggesting he might change the Coalition’s official opposition to nuclear power, saying Labor was…
The federal government has engaged an eminent academic to study the need for a carbon tariff to protect local manufacturers from unfair competition from imports which are not subject to restrictions on emissions of CO2. The move opens the way for import tariffs to be applied on carbon intensive products such as cement and steel…
The federal and Western Australian governments have signed a landmark agreement to expand and modernise electricity grids in Perth, the South West and the North West Pilbara region. The Commonwealth-Western Australia Rewiring the Nation deal will bolster WA’s energy security in preparation for increasing use of renewable energy and battery storage. It will be backed…
Renewable power generation’s share of the National Energy Market is showing a sudden and rapid rise in importance with renewables now playing a bigger role in Australia’s energy mix than ever before. The federal government’s March 2023 Quarterly Update of Australia’s National Greenhouse Gas Inventory showed that renewables accounted for 39 per cent of generation…
University of Wollongong spinout business Hysata officially opened its new 8,000 square metre global headquarters and factory in Port Kembla and was awarded over $23 million in government support on Monday as it progresses its high-efficiency electrolyser towards commercialisation. The company, which closed a $42.5 million Series A round in August last year, said it…
By Peter Roberts The Minister for Climate Change and Energy has celebrated a year of achievement on tacking climate change, lambasted the climate ‘fantasy’ of the former Morrison government and outlined his next task – the creation of sector specific decarbonisation plans. In a major speech to the Clean Energy Council Bowen said he would…