The International Energy Agency (IEA) announced on October 25 that last year, thanks to cost reductions and significant policy support in key countries, renewables have surpassed coal to become the largest source of installed power in the world. This has prompted the IEA to significantly boost its five-year forecast for renewable energy growth.
Renewable energy
Wind and solar may be leading the way in Australia’s renewable energy race, but there’s another contender lurking in the nation’s oceans.
[Ross Garnaut is a Professor of Economics at the Australian National University. In 2007 he was appointed to examine the impacts of climate change on the Australian economy and recommend medium to long-term policies and policy frameworks to improve the prospects for sustainable prosperity. The Garnaut Climate Change Review was finalised on September 30, 2008, with an update released on May 31, 2011. This is a speech given by Garnaut to the renewable energy summit hosted by the South Australian government on October 6.]
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Power is gradually returning to South Australia after wild storms blew across the state last night, but some areas could be offline for days. The storm — associated with heavy rain, lightning, and severe winds — damaged transmission lines that carry electricity from power generators to people, causing a state-wide blackout.
South Australian premier Jay Weatherill told ABC radio “the system operated as it was meant to operate”.
The Labor opposition has voted for the $6.3 billion in public spending cuts over four years proposed by the Malcolm Turnbull government. The opposition agreed to support 20 of the 24 cuts originally proposed by the government in its "Omnibus Bill" and put forward more cuts of its own to prove how committed Labor is to “budget repair”.
Parliament resumed on August 30 and the government's agenda was simple: delay marriage equality; justify the double dissolution; and argue the case for a renewed assault on living standards — I mean: “budget repair”.
The “budget repair” project was contained in a centrepiece “omnibus” bill that combines 24 measures from this year's budget that have not yet passed the Senate. It is an attack on students, welfare recipients, ordinary workers and the environment.
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