Renewables have surged to become the fastest growing source of electricity globally, however the world risks missing the tripling renewables target pledged at COP28 according to a new report. The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that to stay the course, the world will now have to…
South Australia has secured federal funding to back solar PV and wind projects and become 100 percent renewably powered before 2030. This would be a historic development, as so far only hydro power based jurisdictions have been able to achieve 100 percent renewable power. The state signed a final Renewable Energy Transformation Agreement to ensure…
The federal government has issued $7 billion of its inaugural green bond, in a major milestone aimed at creating a sustainable finance market. The global energy transformation represents a golden opportunity for Australia and this bond is pulling more green capital into financing that opportunity, according to a joint statement from Treasurer Jim Chalmers, Climate…
Investment management company Quinbrook Infrastructure Partners has begun the development phase of a proposed $3.5 billion Green Iron Project in Gladstone, Queensland. Quinbrook has partnered with Central Queensland Metals which holds the exploration permits for what is the largest known magnetite deposit in Queensland – magnetite is a type of iron ore suited to direct…
An independent report by consulting and engineering firm Egis and commissioned by the Clean Energy Council has confirmed that nuclear is the most expensive form of new energy in Australia. The review analysed the CSIRO and Australian Energy Market Operator (AEMO)’s GenCost report against the Lazard Review and the Mineral Council of Australia (MCA)’s research…
The federal government has today announced a boost to renewables in Victoria and Tasmania, with a combined 1.7GW of the 6GW available across the country in Australia’s largest ever tender for renewable energy. Deals will be signed with the states as part of the federal government’s Capacity Investment Scheme, which envisages 32GW of reliable renewables…
Western Australia’s energy transition is a winner in Western Australia’s 2024-25 State Budget which injects $500 million towards what the government calls a cleaner, affordable and reliable energy future. The new funding includes a further $324 million investment into the state’s main electricity network to supply power tp enable industry to expand. The investment will…
A new report from independent think tank Beyond Zero Emissions (BZE) has backed the direct support for industry being proposed for the federal government’s Future Made in Australia policy initiative. The report – Make it here: building Australia’s clean industrial future – calls for decisive action to best harness Australia’s abundant and raw minerals, and…
Biofuels are one of Australia’s biggest industrial and environmental opportunities. Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Geoff Bell looks at what is needed to make promise a reality. Australia, with its extensive demand for air travel and rich natural resources like biomass, solar and wind, is…
Australian infrastructure, property development and investment management company Wagner has joined with Boeing to grow the sustainable aviation fuel (SAF) industry to help meet Australia’s airline demand for jet fuel. With demand set to grow 75 percent over the next 25 years Wagner, which owns the Wellcamp Business Park and Toowoomba Wellcamp Airport in Queensland,…