Green Energy
A new national agency will be established to manage billions of dollars’ worth of clean energy projects across Australia, in a major concession by Labor to secure the Greens’ support for the carbon tax plan.
As part of the carbon pricing deal to be announced on Sunday, an Australian Renewable Energy Agency will take over responsibility for funding research, development and demonstration of new and existing clean energy projects.
The agency will be run by an independent board of investment, business and energy experts appointed by cabinet.
Existing programs to be dissolved into the agency will include the $1.5 billion solar flagships program, which was promised by Kevin Rudd with the 2009 budget as a plan to build ”the single-largest solar power station in the world”.
Nine other programs will fall under the agency’s control, including the Australian Solar Institute based at Newcastle and programs aimed at developing solar, biofuels, geothermal and ocean power.
In other developments ahead of Sunday’s announcement:
The Greens claim a lack of consistency in funding decisions under consecutive governments has denied the industry the certainty needed to invest in new technologies.
Greens deputy leader Christine Milne said bringing the funding under an independent authority would ”finally deliver the consistent, systemic support the industry needs in order to challenge entrenched coal … [and] bring home many of our world leaders in renewable energy”. She said it would create tens of thousands of jobs.
Energy Minister Martin Ferguson defended the government’s record in supporting renewable power and ensuring value for money, pointing to $770 million in solar flagships grants announced last month to help build two large-scale solar plants in outback NSW and Queensland.
The agency, to be known as ARENA, will take over responsibility for $1.5 billion in funding that has already been earmarked for projects, and have $1.7 billion to spend as it sees fit by 2019-20.
Detail of extra funding for the agency has been promised on Sunday. It is understood it could include money generated by a second body – a multibillion-dollar clean energy financing corporation – backed by a mix of carbon tax revenue and private capital.
In a compromise between Labor and the Greens, it is understood the corporation will not fund ”clean coal” projects. But it will help finance hybrid plants fuelled by both renewables and fossil fuels, and emissions-free power stations.
The Department of Energy will today host a closed-door industry discussion on large-scale solar power, which is expected to be attended by over 200 people.
The discussion was demanded by the Greens in exchange for their support for the Queensland flood recovery package this year.
A background paper prepared by the department for the meeting says the cost of building and running large solar plants is falling, but is still much higher than fossil fuel sources such as coal and gas. The paper says the economic viability of large solar projects could be reduced through advances in storage technologies such as batteries.
Independent MP Rob Oakeshott backed the new agency. ”Geothermal, solar and hydro are all proving themselves up as real option for peak loads and increasingly for baseload. A finance scheme the size of ARENA will help Australia transition in a competitive way in regard our renewable strategy,” he said
Meanwhile, Victorian Energy Minister Michael O’Brien said the Baillieu government remained ”open” to a carbon price, but criticised the proposed tax, saying it would hamper the state’s ability to fund hospitals and new trains.
Mr O’Brien accused Canberra of preparing to take up to $450 from the pockets of every Victorian in extra tax, or $2.5 billion in total. The figures – based on economic modelling the state government is refusing to release – did not acknowledge any compensation, which Labor says will be given to nine out of 10 households.
Published : Friday, July 8th, 2011
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Green Energy
Labor's clean power play
A new national agency will be established to manage billions of dollars’ worth of clean energy projects across Australia, in a major concession by Labor to secure the Greens’ support for the carbon tax plan.
As part of the carbon pricing deal to be announced on Sunday, an Australian Renewable Energy Agency will take over responsibility for funding research, development and demonstration of new and existing clean energy projects.
The agency will be run by an independent board of investment, business and energy experts appointed by cabinet.
Existing programs to be dissolved into the agency will include the $1.5 billion solar flagships program, which was promised by Kevin Rudd with the 2009 budget as a plan to build ”the single-largest solar power station in the world”.
Nine other programs will fall under the agency’s control, including the Australian Solar Institute based at Newcastle and programs aimed at developing solar, biofuels, geothermal and ocean power.
In other developments ahead of Sunday’s announcement:
- The Nine and Seven television networks bowed to pressure from the government to telecast Julia Gillard’s address to the nation on Sunday evening, ensuring it will be covered on all the main commercial channels, as well as the ABC and SBS.
- Treasury modelling to be released on Sunday will suggest that the carbon tax will increase prices by less than 1 per cent. This compares to a projected increase of 1.1 per cent over the first two years of Kevin Rudd’s abandoned plan for an emissions trading scheme. The Age revealed yesterday that the carbon price would be $23 a tonne.
- Parliamentary debate on the carbon tax issue turned to uproar when a senior Labor MP, Joel Fitzgibbon, said ”meow” while Deputy Opposition Leader Julie Bishop was speaking. Ms Gillard said she would make Mr Fitzgibbon personally apologise to Ms Bishop.
The Greens claim a lack of consistency in funding decisions under consecutive governments has denied the industry the certainty needed to invest in new technologies.
Greens deputy leader Christine Milne said bringing the funding under an independent authority would ”finally deliver the consistent, systemic support the industry needs in order to challenge entrenched coal … [and] bring home many of our world leaders in renewable energy”. She said it would create tens of thousands of jobs.
Energy Minister Martin Ferguson defended the government’s record in supporting renewable power and ensuring value for money, pointing to $770 million in solar flagships grants announced last month to help build two large-scale solar plants in outback NSW and Queensland.
The agency, to be known as ARENA, will take over responsibility for $1.5 billion in funding that has already been earmarked for projects, and have $1.7 billion to spend as it sees fit by 2019-20.
Detail of extra funding for the agency has been promised on Sunday. It is understood it could include money generated by a second body – a multibillion-dollar clean energy financing corporation – backed by a mix of carbon tax revenue and private capital.
In a compromise between Labor and the Greens, it is understood the corporation will not fund ”clean coal” projects. But it will help finance hybrid plants fuelled by both renewables and fossil fuels, and emissions-free power stations.
The Department of Energy will today host a closed-door industry discussion on large-scale solar power, which is expected to be attended by over 200 people.
The discussion was demanded by the Greens in exchange for their support for the Queensland flood recovery package this year.
A background paper prepared by the department for the meeting says the cost of building and running large solar plants is falling, but is still much higher than fossil fuel sources such as coal and gas. The paper says the economic viability of large solar projects could be reduced through advances in storage technologies such as batteries.
Independent MP Rob Oakeshott backed the new agency. ”Geothermal, solar and hydro are all proving themselves up as real option for peak loads and increasingly for baseload. A finance scheme the size of ARENA will help Australia transition in a competitive way in regard our renewable strategy,” he said
Meanwhile, Victorian Energy Minister Michael O’Brien said the Baillieu government remained ”open” to a carbon price, but criticised the proposed tax, saying it would hamper the state’s ability to fund hospitals and new trains.
Mr O’Brien accused Canberra of preparing to take up to $450 from the pockets of every Victorian in extra tax, or $2.5 billion in total. The figures – based on economic modelling the state government is refusing to release – did not acknowledge any compensation, which Labor says will be given to nine out of 10 households.
Published : Friday, July 8th, 2011
By :
- Solar In Governments Hands
The Australian government in July started charging polluters for the carbon they emit to reduce the nation’s reliance on fossil fuels and encourage wind and solar power. The country also plans to invest $10 billion in Clean Energy Finance Corp. to help...
- Renewable Energy Costs Far Cheaper Than Forecast
RENEWABLE energy costs are likely to be far cheaper than forecast by the government's energy white paper, new research has found, offering new options for the nation's future energy mix.Bloomberg analysis suggests the official figures issued...
- Brazilian State Minas Gerais To Invest $324 Million In Solar Pv Projects
Article originally published in www.cleantechnica.com, on May 11th 2015Minas Gerais, the south-eastern state of Brazil, has announced that it will start auctions of solar photovoltaic power plants later this year.The state government recently announced that...
- Obama's Climate Plan Includes Co2 Standards For Existing Power Plants
Article published on http://www.solarserver.com/solar-magazine/solar-news on June, 25th 2013 US President Barack Obama will direct the Environmental Protection Agency (EPA) to create new carbon pollution standards for existing power plants, according...
- Bnef: Pv Will Be Cheaper Than Fossil Fuels In Australia By 2020
Article published on www.pv-magazine.com on February, 8th 2013 Bloomberg New Energy Finance (BNEF) forecasts that large-scale photovoltaic systems will supply energy cheaper than coal and gas by 2020 in Australia. Already, it states, wind farms...