The Victorian government is “creating the conditions needed” for 800,000 new homes while scrapping a shared equity scheme for first home buyers. The scheme received a $700m injection in Tuesday’s budget, following a $500m boost in September. But Tuesday’s budget reveals the shared equity scheme – where a first homebuyerContinue Reading
Australia must urgently reduce its reliance on coal and gas exports to meet its ambitious target to reach net zero emissions by 2050, an ex-Labor climate minister has warned. Net Zero Economy Authority outgoing chair Greg Combet said serious action was needed to cut greenhouse gas emissions to curb theContinue Reading
Energy and Climate Change Minister Chris Bowen has refused to detail the cost of the government’s landmark green energy scheme amid Coalition criticism over its financial exposure to taxpayers. On Friday, Minister Bowen announced an expansion of the Capacity Investment Scheme which will underwrite funding for 32 gigawatts of newContinue Reading
Thousands of school students across the country walked out of classrooms on Friday to join a major student strike to protest in favour of action on climate change. Organisers School Strike 4 Climate called the strike to demand the federal government shift focus away from dependence on fossil fuels inContinue Reading
What does the future hold for Australia as it confronts the carbon emissions challenge head on? It was reported in September 2023 that the coal industry was ploughing hundreds of millions of dollars to pinpoint and develop low-emission technology to extend the life of crucial base load electricity generators andContinue Reading
According to new market intelligence, wholesale energy costs are being driven down by renewable energy, pushing emissions to record lows. The findings are based on the latest market intelligence report by Australian Energy Market Operator, an organisation which oversees the operations and security of the National Energy Market. NEM wholesaleContinue Reading
Thousands of jobs will be created over the next 15 years, as Australia moves to its renewable energy future, with the announcement of Australia’s first offshore wind zone. The Bass Strait off Gippsland has been chosen as the first zone, with the potential to support more than 10GW of year-roundContinue Reading