GREENHOUSE GAS MITIGATION – AUSTRALIA

BHP calls for LNG-powered iron ore vessels

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Original article by Peter Ker
The Australian Financial Review – Page: 18 : 15-Jul-19

BHP is seeking to reduce the greenhouse gas emissions its products create once they have been acquired by its customers. As part of that effort, it has launched a tender that would see around 10 per cent of its iron ore exports to China transported in ships powered by LNG by around late 2021. BHP executive Rashpal Bhatti notes that LNG can achieve a 25 per cent reduction in greenhouse gas emissions when compared to low sulphur fuel oil.

CORPORATES
BHP GROUP LIMITED – ASX BHP

Emissions cut would save economy $550b

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Original article by Tom McIlroy
The Australian Financial Review – Page: 11 : 7-Jun-19

The Melbourne Sustainable Societies Institute contends that the cost to the economy of carbon emissions reduction are far less than the damage caused by inaction on climate change. In a report released a day after federal government data revealed that Australia’s greenhouse gas emissions rose by 0.8 per cent in the December 2018 quarter, the Institute claims that the Australian economy would be $550 billion better off by 2030 by reducing carbon emissions to curb the impact of climate change.

CORPORATES
UNIVERSITY OF MELBOURNE. MELBOURNE SUSTAINABLE SOCIETY INSTITUTE

Greens stir Gillard ghosts

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Original article by Rosie Lewis
The Australian – Page: 1 & 4 : 1-May-19

Australian Greens leader Richard Di Natale will use a National Press Club speech on 1 May to urge Labor to form a coalition with the minor party to address the issue of climate change. Former prime minister Julia Gillard struck a similar alliance with the Greens to form a minority government after the 2010 election. The Greens have questioned Labor’s proposal to use international carbon credits as part of its target of reducing carbon emissions by 45 per cent on 2005 levels by 2030.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED AUSTRALIA PARTY, NATIONAL PARTY OF AUSTRALIA, ONE NATION PARTY, INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE, NATIONAL PRESS CLUB (AUSTRALIA)

Greens push to ban $25bn coal industry

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Original article by Ben Packham
The Australian – Page: 6 : 28-Mar-19

Coal-fired power stations will be a key target of the Greens’ new climate policy, which will be released on 28 March. The Greens aim to ban both thermal coal mining and the use of coal to generate electricity, while it proposes to progressively reduce thermal coal export quotas with the goal of eventually phasing out an industry that is estimated to be worth about $25bn a year. The Coal Council of Australia has warned that up to 150,000 direct and indirect jobs could be at risk under the Greens’ policy.

CORPORATES
AUSTRALIAN GREENS, COAL COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, INTERNATIONAL ENERGY AGENCY

Avalanche of renewables may threaten power grid

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Original article by Perry Williams
The Australian – Page: 1 & 8 : 5-Dec-18

Bloomberg New Energy Finance estimates that clean energy will account for the bulk of investment in Australia’s electric power generation capacity in the next two decades or so. However, the International Energy Agency’s executive director Fatih Birol says the stability of Australia’s energy grid may be jeopardised if measures are not in place to ensure that it can cope with a big influx of renewables. Birol adds that increasing renewables’ share of the energy mix is not the sole solution to global warming. Labor proposes to implement the national energy guarantee as part of its climate change policy.

CORPORATES
INTERNATIONAL ENERGY AGENCY, AUSTRALIAN LABOR PARTY, BLOOMBERG NEW ENERGY FINANCE, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED

CBA to turn fully green by 2030

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Original article by Mark Ludlow
The Australian Financial Review – Page: 10 : 14-Nov-18

The Commonwealth Bank of Australia aims to source 65 per cent of its electricity requirements from renewable sources by 2019, with a target date of 2030 for becoming solely reliant on renewables. As part of this strategy, CBA has secured a 12-year deal to source 96,000 megawatts annually from the Sapphire wind farm. CBA estimates that its direct emissions have been cut by 54 per cent since 2009. The bank will also become the first Australian company to join the global RE100 initiative, whose members have agreed to fully transition to renewables by 2050.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RE100, CWP RENEWABLES, PARTNERS GROUP AUSTRALIA PTY LTD, THE CLIMATE GROUP, CDP, SONY CORPORATION, PRICEWATERHOUSECOOPERS, LYFT INCORPORATED, INTERNATIONAL ENERGY AGENCY

No targets, Taylor warns states

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Original article by Michael Roddan
The Australian – Page: 8 : 12-Oct-18

Federal Energy Minister Angus Taylor says Australia is on track to achieve a 26 per cent reduction in carbon emissions by 2030. He says a priority now is to stabilise the national electricity grid, and with this in mind he intends to push for the states and territories to support a "reliability obligation" at the upcoming Council of Australian Governments’ meeting. Taylor also said the states should not press for the adoption of an emissions target at the meeting, arguing that it would only be necessary if Australia sought to reduce emissions by more than 26 per cent.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIAN LABOR PARTY, AUSTRALIA. ENERGY SECURITY BOARD

Business to go it alone on climate

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Original article by Phillip Coorey, Mark Ludlow
The Australian Financial Review – Page: W1 & W2 : 11-Oct-18

The Business Council of Australia’s energy and climate change committee has considered a proposal for energy companies and heavy industry to pursue carbon reduction measures independently of the federal government. The companies that comprise the committee were largely supportive of the national energy guarantee. However, the government’s focus under Prime Minister Scott Morrison has shifted from cutting carbon emissions to ensuring a reliable energy supply and reducing electricity prices.

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN LABOR PARTY, AUSTRALIA. ENERGY SECURITY BOARD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE

Matter Of Fact With Stan Grant

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Original article by Roy Morgan
abc.net.au – Page: Online : 20-Aug-18

Roy Morgan CEO Michele Levine discusses issues such as immigration, energy policy and the Paris climate agreement. She notes that research by Roy Morgan shows that the majority of Australians support Muslim immigration and euthanasia, while there is growing distrust of politicians and financial institutions such as banks. View the interview with Michelle from about 16:30 minutes into the program.

CORPORATES
ROY MORGAN LIMITED

PM pushes coal-friendly NEG plan

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 13-Aug-18

The Federal Government may adopt the Australian Competition & Consumer Commission’s recommendation to underwrite new dispatchable power generation, which could include coal-fired power. ACCC chairman Rod Sims will brief National Party MPs on the proposal ahead of a joint party room meeting at which the national energy guarantee will be on the agenda. The Labor-led states agreed to allow the NEG to be put to the Coalition’s party room at the recent Council of Australian Governments meeting. However, Energy Minister Josh Frydenberg is resisting their push for any changes to the NEG’s emissions reduction targets to be enacted via regulation rather than legislation.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. ENERGY SECURITY BOARD, AUSTRALIAN LABOR PARTY, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS