In its dim Q1 report, Peabody Energy predicts US domestic coal demand will fall by up to 100m tonnes in 2015 – double the forecast of the EIA.
AGL Energy reportedly sounding out potential buyers of its 50% stake in the Macarthur wind farm – Australia’s largest wind project.
Latest Global Climate Index shows nearly half of world’s biggest investment funds – some in Australia – failing to protect portfolios from climate change.
As Coalition defends funding of climate contrarian Lomborg, business lobby warns Direct Action won’t meet targets, and will blow multi-billion dollar hole in budget.
Abbott appears to have already blown its carbon budget, selling emissions abatement in first round of auctions at price that would make it impossible to meet even Australia’s modest 5 per cent cut in emissions by 2020.
Fossil fuel companies should be factoring in the risk of a climate change-driven ‘black swan event’ – such as the sudden and complete transformation of the global energy market, or a decision to cap global emissions – as part of their basic business strategy, a new report has found.
Senate inquiry labelled ‘gutless’ after confirming network ‘gold plating’ had inflated power prices, offering little insight on how to fix the problem.
South Africa plans to contract another 6.3GW of renewable energy capacity as it ‘pulls out all the stops’ to meet its energy challenge. Australia, take note.
Green bonds are an emerging class of debt promising investors steady returns without costing the Earth.
Abu Dhabi energy executive says Mid-East appetite for renewables booming, as falling costs mean solar and wind can ‘weather any changes in oil prices.’