Australian news, and some related international items

June 5 Energy News



¶ “Carbon ‘bubble’ could cost global economy trillions” • A rapid reduction in demand for fossil fuels could see global economic losses of $1 trillion to $4 trillion by 2035 according to a report. Energy efficiency and low carbon technology could cause the downturn, even if governments fail to take new steps to meet the Paris climate goals. [BBC]

Offshore oil rig (Photo: SPL)

¶ “Bailing Out the Coal Industry Will Hurt Consumers” • Donald Trump’s plan to subsidize money-losing coal and nuclear plants makes no economic sense and runs counter to the free market ideology of his party. It might make some plant operators very happy, but consumers will foot what could be an extraordinarily expensive bill. [New York Times]


¶ Ireland saw a fall in carbon emissions last year “despite strong economic growth.” Analysis from the Sustainable Energy Authority of Ireland reveals…

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June 6, 2018 - Posted by | Uncategorized

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