Green Energy
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- The Truth Finally Surfacing
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- Japan Set To Become World's Largest Solar Market
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Green Energy
BREE forecasts $189 billion and then some
The Bureau of Resources and Energy Economics (BREE) has published its quarterly forecasting of the country’s resources and energy commodity export earnings for the 2012-13 year, which are now tipped to be in excess of $189 billion.
The Resources and Energy Quarterly September Quarter report shows increases across the majority of major minerals and energy commodities, with the largest increases in volumes projected for LNG (21 per cent), thermal coal (14 per cent) and metallurgical coal (12 per cent).
"The latest forecasts of volumes and prices show two distinct trends. First, the prices of many resources have moderated from historic highs in 2011 and further declines are expected over the medium term in US$ terms relative to these peaks. Second, Australian export volumes, especially in terms of bulk commodities, are growing rapidly and are expected to do so for several years to come" said Professor Quentin Grafton, BREE's Executive Director and Chief Economist.
Growth in exports volumes of iron ore are also forecast to remain robust, increasing by 8 per cent to over 500 million tonnes in 2012–13.
According to the report, the robust growth in LNG exports in the coming year reflects the start up of major projects, such as the Pluto LNG project, which will increase the country’s LNG capacity from around 20 million tonnes to over 24 million tonnes.
"This forecast, as emphasised in the macroeconomic outlook, is based on assumed improvements in world, OECD and Chinese economic growth in 2013 and the assumption that the Australian dollar will remain close to parity with the US dollar in 2013" said Professor Grafton.
The full report can be found here
Brought to you by... Green Energy WA
- Plans Ready For 100mw Thermal Power By 2014
The Citizen ReportersDar es Salaam. Tanzania’s energy sector is heading for good tidings, going by the announcement issued yesterday to the effect that the country will start producing geothermal power in the near future. Geothermal power refers...
- Report: Muslims To Account For 70% Of World’s Population Growth Over Next 30 Years
Allahu AkbarAround 70 per cent of global population growth over the next 30 years will be in Muslim countries as the Muslim population of 1.6 billion is growing at twice the rate of the global population thus representing the fastest growing consumer...
- Market To Reach 31 Gws - Led By China
The photovoltaic market will continue its growth in 2013 albeit a little slower than in the past few years, according to a new NDP Solarbuzz report. The report projected that the PV market will grow about 7 percent this year to 31 gigawatts 29 GWs in...
- The Truth Finally Surfacing
Electricity prices to rise 37% – solar power only a bit playerA report from the Australian Energy Market Commission (AEMC) estimates residential electricity prices are projected to jump by 37 per cent in nominal terms on average by 2014....
- Japan Set To Become World's Largest Solar Market
Article published on www.solarnovus.com on May, 30th 2013 Japan’s solar installations surged by a stunning 270% (in gigawatts (GW)) in the first quarter of 2013, positioning the country to surpass Germany to become the world’s largest photovoltaics...