A new paper – authored by staff from AGL, Bloomberg New Energy Finance and even Suntech’s CEO – lifts the lid on how solar PV’s economics have undergone an incredible transformation, making grid parity a reality in several major markets.
It’s hard to imagine why the price on carbon is being viewed as a tax grab given it will put the government in the red. But unfortunately it’s a perception that’s hard to shake.
As the Facebook IPO roadshow gets into full swing, it’s worth reflecting on how social media is creating a backlash against tough, but ultimately sound policy. And the carbon price is a case in point.
Current electricity bills reflect something effectively like a 40 per cent Renewable Energy Target due to extra subsidies for solar – but the good news is the cost of the Renewable Energy Target is going to fall from here.
Australia's abundant coal reserves are presenting a major problem for the climate. We must ensure the push to develop cleaner coal is balanced by a greater push toward renewable energy technologies.
As the solar industry works through a major consolidation period, a bright spot has emerged in the unlikely form of oil-reliant Saudi Arabia and a massive $100 billion solar investment.