Antinuclear

Australian news, and some related international items

‘Solar Shindig’ at Port Stephens kicks of a pro solar energy campaign

poster-renewables-rallyPort Stephens residents show support for solar http://www.abc.net.au/news/2015-07-20/port-stephens-residents-show-support-for-solar/6632316 Port Stephens residents have gathered to throw their support for renewable energy, demanding more government support for the sector.

The ‘Solar Shindig’ at Tanilba Bay attracted about 30 people and follows similar events across the country.

The Abbott government has recently advised the Clean Energy Finance Corporation not to fund wind or household solar projects angering supporters of renewable energy.

Shindig organiser Les Pinney said there is a lot of support for green energy in the Hunter.

“About 13 per cent of households within the Port Stephens area actually have solar installed,” he said.

“Renewable are our future, sticking with coal is putting the whole future economy of the country at risk.”

July 22, 2015 Posted by | General News | Leave a comment

How federal govt changes to Clean Energy Finance Corporation will affect Australian househholds

solar-panels-localSolar panels: What do the federal government changes mean for households, SMH July 19, 2015  

Environment Editor, The Sydney Morning Herald The Clean Energy Finance Corporation has been told not to invest in rooftop solar. What does that mean for me?

The CEFC is the “green investment bank” set up by the Gillard Labor government that the Abbott government wants to scrap. It has been blocked in the Senate so instead it wants to narrow the CEFC’s mandate by blocking investment in “mature” technologies such as wind farms and solar panels.

The fund, though, exists mainly to find ways to boost the competitiveness of all renewable technologies, from large-scale solar plants to wave and geothermal sources, and energy-efficiency measures.

Earlier this month, for instance, the CEFC joined in a 12-year, $100 million venture with Origin. The energy giant will own, install and maintain solar PV systems for households and businesses. Customers get a fixed energy price for a longer term than would typically have been offered by banks.

 The fund is hoping to persuade Treasurer Joe Hockey to rescind the restrictions on its activities. According to Alan Pears, a senior industry fellow at RMIT University, the short-term impact of banning CEFC involvement in rooftop solar PV will be fewer creative financing options for getting solar power with no or low upfront costs. “In the longer term, it will slow the roll-out of more efficient, cheaper and smarter photovoltaicsystems and limit Australia’s potential to develop intellectual property for export.”

What is this large-scale solar we’re hearing about?……… http://www.smh.com.au/environment/climate-change/solar-panels-what-do-the-federal-government-changes-mean-for-households-20150718-giewy8.html#ixzz3gZupHfyv

July 22, 2015 Posted by | AUSTRALIA - NATIONAL, politics, solar | 1 Comment

National Australia Bank to invest more in renewable energy

piggy-ban-renewablesNAB maintains its faith in renewable energy, SMH,  July 19, 2015  Senior Reporter The country’s largest financier of renewable energy projects, National Australia Bank, has said it plans to lend more to the sector despite it being thrown into turmoil last week when Prime Minster Tony Abbott ordered the Clean Energy Finance Corporation (CEFC) to stop putting funds into wind power.

NAB’s head of debt capital markets, Steve Lambert, said the domestic politics around wind power is “noise, but you have to try to look [past that]” and said in the absence of local deals, NAB will continue to back projects overseas, and intends to become one of the world’s leading banks in renewable energy financing. …….

“Is the renewable energy industry supported by long-term fundamentals? Both public opinion and demand suggest yes, it is. Is there money flowing into the industry? Yes, there is. So our thinking is: how do we help facilitate that? We want to stay there and at the same time try some new things.”

NAB has been working with the CEFC to provide Australian businesses with access to discounted funding for energy efficiency and renewable energy upgrades. It was also the first Australian bank to issue a “green bond”, where proceeds are used for an environmentally sustainable purpose. …….. http://www.smh.com.au/business/banking-and-finance/nab-maintains-its-faith-in-renewable-energy-20150719-gieq5g.html#ixzz3gZ5w596X

July 22, 2015 Posted by | AUSTRALIA - NATIONAL, business, energy | Leave a comment

Rundle: Abbott’s gutting of renewables is not just dumb, it’s treason

GUY RUNDLE | JUL 20, 2015  When the time comes for a truth and reconciliation commission into what the Abbott government did to the country, the gutting of the Renewable Energy Target and the Clean Energy Finance Corporation will surely be one of the most prominent issues. To placate and persuade a bunch of brown and old energy providers, the government is willing…. (subscribers only)  http://www.crikey.com.au/2015/07/20/rundle-abbotts-gutting-of-renewables-is-not-just-dumb-its-treason/

July 22, 2015 Posted by | General News | Leave a comment