Energy Minister Chris Bowen is confronted by warnings from the market operator that it may have to force power cuts to prevent the electricity system’s collapse. He must urgently take stock of his ambitions and respond.
The shortcomings of the renewables energy journey towards 2030 and 2050 are becoming intolerable for many, hurting businesses, households and the economy.
According to the Page Research Centre, nuclear power could deliver electricity at $121 per megawatt hour — nearly $20 cheaper than renewables. The centre also says household power bills could fall by up to 25% if Australia abandoned net zero and used domestic coal, while Chris Bowen’s current path is expected to increase bills by 30% to 69%.
Governments must break their addiction to spending or taxes as a share of GDP will soar, hurting living standards and growth. Victoria’s parlous situation exemplifies the risks.
The world’s biggest supplier of non-China rare earths, Lynas, is evaluating diesel fuel and gas alternatives to a defective power supply contract that has intermittently stranded its $800m processing plant near Kalgoorlie.
BHP’s massive copper expansion in South Australia was once a certainty, but the megaproject is now shaping up as a test of Australia’s economic future
Let’s recognise and celebrate the people, innovation, resilience and can-do spirit that make mining great!
Former treasurer Peter Costello has accused the Productivity Commission of becoming ‘politically correct’ and failing to challenge the Albanese government on workplace reforms.
Led by Executive Chairman Gina Rinehart AO, we’re for supporting agriculture and all related industries to thrive.
Financial regulators are sharpening their focus on the consumer credit market, warning that more Australians are going bust due to bad car loans and ballooning personal debts.
‘To be completely frank, if we have a net zero policy, I don’t know what it is. The bottom line is we need to create wealth.” This is what one of Argentina’s senior government ministers tells me halfway through an interview in Buenos Aires this week.