From 1h ago Chris Bowen throws back to Coalition on energy price rises The energy minister is borrowing a turn of phrase out of Julia Gillard’s misogyny speech when asked about the Coalition’s suggestion that capping coal and gas prices will, in the longer run, increase prices. Chris Bowen: I invite the Coalition to have a look in the mirror. I mean, he had the independent energy regulator this morning pointing out that without the intervention, the price rises would have been closer to 50%. An intervention that Mr Dutton…
Tag: Environment
What is the Aukus submarine deal and what does it mean? – the key facts
In a tripartite deal with the US and the UK, Australia has unveiled a plan to acquire a fleet of up to eight nuclear-powered submarines, forecast to cost up to $368bn between now and the mid-2050s. Australia will spend $9bn over the next four years. From this year Australian military and civilian personnel will embed with US and UK navies, including within both countries’ submarine industrial bases. From 2027 the UK and the US plan to rotate their nuclear-powered submarines through HMAS Stirling near Perth as part of a push…
‘We keep pets and eat livestock, why not this?’: China’s defiant fur farmers
“Now it’s a bad time to get into the fur business,” says a farm worker in Hebei province, northern China. The worker, who has been farming foxes for more than 30 years, says they have stopped after operating at a loss for several years in a row. China is the world’s biggest producer of animal fur, but here in Suning county, its “capital of fur”, business appears quiet. “The whole industry chain – raw fur and garment production – is struggling,” says the farm worker. An average of more than…
Confusion surrounds China’s energy policies as GDP and climate goals clash
China’s energy policies are fast creating a type of “emissions ambiguity”, as the twin goals of boosting GDP growth and reducing carbon emissions come into conflict. The uncertainty is whether and when the world’s biggest carbon emitter will start to curb greenhouse gas pollution. The release of the country’s annual statistics communique on Tuesday did not clear things up. As Lauri Myllyvirta, an analyst at Centre for Research on Energy and Clean Air, noted this month, China’s carbon emissions may have risen 1% or fallen by that amount in 2022.…
China approves biggest expansion in new coal power plants since 2015, report finds
China approved the construction of another 106 gigawatts of coal-fired power capacity last year, four times higher than a year earlier and the highest since 2015, research shows. Over the year, 50GW of coal power capacity went into construction across the country – up by more than half compared with the previous year – driven by energy security considerations, the Centre for Research on Energy and Clean Air (CREA) and Global Energy Monitor (GEM) said on Monday. “The speed at which projects progressed through permitting to construction in 2022 was…
Australia politics live: ballooning rental prices to fuel inflation, Treasury says
From 31m ago Inflation in rental prices expected to increase: Treasury You may have noticed he mentioned rental increases there. It is not great news for that already tight market, according to Treasury: Rising housing costs remain a source of cost-of-living pressures for many households. Inflation in newly advertised rental prices has been rising sharply for around a year, reaching 10 per cent nationally in January. The national vacancy rate has reached a near-record low of around 1%. Despite the slowdown in population growth during the pandemic, underlying demand for…
Leaked EU plan reveals response to US and Chinese green subsidies
The EU executive will loosen state aid rules and propose a new “European sovereignty fund” later this year, in response to the controversial US Inflation Reduction Act and China’s “unfair” green subsidies. A leaked European Commission plan underscores the global green subsidy race is under way, although EU member states remain divided on how to respond. EU leaders are due to meet next week in Brussels to discuss the bloc’s response to Joe Biden’s $369bn (£300bn) Inflation Reduction Act, which aims to subsidise a vast expansion of green technology, from…
China takes great leap forward in Australia’s car market with EVs leading the charge
China is rapidly becoming one of the largest sources of new cars for Australian buyers with Chinese carmakers’ increasing dominance of electric vehicle sales in their home market potentially accelerating the transition off fossil-fuel powered transport. In 2022, sales of Chinese-made vehicles in Australia totalled 122,845 units, a 61.1% increase on the previous year, according to Federal Chamber of Automotive Industries data. In December, imports from China were more than double a year earlier. The increase made China the fourth-largest import source, narrowing the gap with larger rivals. Cars sourced…
Australia news live: ‘couldn’t think of anything more distressing for victim-survivors’ – Daniel Andrews rules out George Pell state funeral
From 44m ago No state funeral service for George Pell: Victorian premier Benita Kolovos Victoria’s premier, Daniel Andrews, says there will not be a state funeral service for George Pell out of respect for victims of institutional child sexual abuse. Asked if Pell, who died on Wednesday morning AEDT from heart complications arising from hip replacement surgery in Rome, would receive a state-funded service, he replied that he would not: I couldn’t think of anything that would be more distressing for victim-survivors than that. <gu-island name="TweetBlockComponent" deferuntil="visible" props="{"element":{"_type":"model.dotcomrendering.pageElements.TweetBlockElement","html":" Victoria's premier,…
Australia news live: Chinese envoy warns against allowing differences to ‘hijack’ ties, severe storms for Queensland
From 51m ago Chinese envoy warns against allowing differences to ‘hijack’ ties Daniel Hurst China’s ambassador to Australia, Xiao Qian, has warned against allowing differences between the two countries to “hijack” the overall relationship. Addressing the media at the Chinese embassy in Canberra, he said 2022 had been an “extraordinary” year for the relationship between China and Australia. The change of government had provided an opportunity for a reset, he said. Xiao said both sides considered the relationship to be a comprehensive strategic partnership. Differences and disputes remained, he said,…