Union opposes nuclear power because it is uneconomic and dangerous
Wake up and smell the radiation. Nuclear is not the answer https://www.dailytelegraph.com.au/rendezview/wake-up-and-smell-the-radiation-nuclear-is-not-the-answer/news-story/dc3ea481d9d6083a9c6b391268f6d078m Allen Hicks, 24 July 19
Union push to union trustees to formally exclude nuclear energy from industry super investments
ETU pushes union trustees to block nuclear AFR, 10 July 19 The Electrical Trades Union is leading a push for union trustees to formally commit to excluding nuclear energy from industry super investments in favour of bolstering renewables. ETU national secretary Allen Hicks will propose an anti-nuclear investment motion at the Australian Council of Trade Union’s national executive later this year and use the ACTU’s Super Trustees Forum to “build and leverage support among my union director colleagues on this”.
“I want to pass a motion committing union directors in the industry super sector to focus on backing investment in renewable tech,” he will tell the union’s national conference on Wednesday afternoon.
“To focus on backing that investment instead of propping up the misguided imaginings of those who long for an Australian nuclear sector.”
The motion follows the ETU’s attack last week on an energy paper released by industry fund peak body Industry Super Australia (ISA), chaired by former ACTU secretary Greg Combet…….
Mr Hicks will attack the paper as a “disgrace” in his speech and question industry funds diverting money to ISA to produce it.
“It’s a disgrace that this body – this body that unions created – could be used as part of a push to expose workers and their communities to the catastrophic dangers that nuclear power plants present,” the speech says.
He will advocate industry super funds commit to a “war-like mobilisation” to battle climate change and “become the ultimate weapon in Australia’s fight for a clean, renewable energy sector”.
“The retirement savings of Australian workers could be deployed to invest in smart, new, renewable technology – including battery tech – that could set us on the path to zero carbon emissions.”
The ETU’s anti-nuclear position is supported by the $50 billion building industry super fund Cbus, which includes the CFMEU on its board of trustees………
Mr Hicks will argue the economics around nuclear power don’t stack up due to the costs and time taken for construction.
“But even if they did, our union would oppose it,” he will say, arguing nuclear puts workers in unsafe conditions.
“No responsible Australian trade union … no organisation that claims to represent the interests of Australian workers … could possibly endorse putting Australians into that line of potential fire.”…..
Energy Super, whose board includes ETU representatives, stressed it was “focused on maximising members’ hard-earned retirement savings”.
“We have a transparent investment process which considers many factors including environmental, social and governance criteria to ensure the sustainability of the fund over the longer term,” chief executive Robyn Petrou said.
“We are increasing our investments in renewables, such as wind farms and solar energy.” https://www.afr.com/leadership/workplace/etu-pushes-union-trustees-to-block-nuclear-20190710-p525sj
Australian unions reject Industry Super’s backing of the nuclear industry
Unions revolt over Industry Super’s nuclear backing, Financial Review, David Marin-Guzman 3 July 19 The Electrical Trades Union has condemned a report from Industry Super Australia that backed nuclear energy as an option to confront the energy crisis, sparking a split between unions and industry funds’ own peak body.
ETU national secretary Allen Hicks said industry fund participants were not consulted on the ISA energy paper released last week and called on unions to condemn the paper’s recommendations, which he said promoted a “highly risky investment with deadly consequences”.
While the paper titled Modernising Electricty Sectors stressed it was not “pro nuclear” it said nuclear must be considered as part of the energy investment mix and questioned the capabilities of battery and renewable options.
“The ETU has very strong concerns about this ISA report that broadly spruiks nuclear power while using flawed assumptions and poor modelling to write down the capacity of renewables and battery technology,” Mr Hicks said.
“This report has been developed without consulting key industry stakeholders or actual members of ISA that we have been in contact with.”
The comments mark a significant push-back against the industry fund peak body, which is chaired by former Australian Council of Trade Unions chief Greg Combet.
The ETU has representatives on industry funds Cbus and Energy Super and its anti-nuclear position is shared by the maritime union, which opposes shipping nuclear material into ports.
Cbus, whose board members include building unions such as the CFMEU, joined the ETU in disagreeing with the ISA paper’s position.
“The ISA paper raises a number of interesting points for discussion. However, from an investment perspective Cbus doesn’t see nuclear as a part of Australia’s energy mix and we are actively pursuing other energy opportunities,” a spokesman for the fund said.
Mr Hicks said he supported ISA taking the lead on energy investment due to government inaction. But he argued it should focus on maximising returns, not promoting an industry that “would put at risk the very people who industry super represents – union members”.
The ETU has opposed nuclear power and uranium mining since the Second World War due to perceived risks to workers and the public.
Mr Hicks said members had “witnessed first-hand the death and destruction that comes with this form of power” and “more recent disasters in Fukushima and Chernobyl only reinforce this view”.
“That’s why it’s so vexing that industry funds our members pay their retirement savings into would offer any support to a report giving the nod to nuclear.”
………. ETU national industry co-ordinator Matthew Murphy claimed the ISA report “fluffed up” the benefits of nuclear power while including flawed assumptions on renewables “that had no basis in reality”.
“This report is biased toward nuclear power and against renewables and that clearly bears out in shoddy maths and assumptions like ‘a battery will only run for one hour’ or that the island nation of Australia is not suitable for offshore wind and tidal power,” he said.
Mr Murphy said the “most glaring” statement in the paper was that 100 to 150 nuclear power plants was enough to power half the country.
“Unlike the numbers in the report, we can’t pluck nuclear reactors out of thin air. And there is likely to be huge public opposition from the 150 towns where these deadly power plants would be built.” https://www.afr.com/leadership/workplace/unions-revolt-over-industry-super-s-nuclear-backing-20190702-p5239a
Ditch the jobs v environment slogan and get on with doing both
Brisbane Times, By Jeff Angel, June 11, 2019 — ……… In a little publicised study released this year, the NSW Innovation and Productivity Council assessed the environmental goods and services sector. The activities involved include delivering waste, water and energy management; and biodiversity, landscape and climate services. It found the number of jobs generated as 152,000 larger than the total number of jobs in agriculture and mining combined. Importantly a significant number were in regional areas and the vast majority of businesses, small to medium size. With a 6 per cent growth rate, the environmental goods and services sector was already contributing $43.9 billion a year across the economy.
So, protecting the environment is not a job destroyer. It’s the opposite. But what has caused this positive situation?
Another is the NSW Energy Savings Scheme, where electricity retailers are required to meet escalating targets helping business, industry and households save energy (and have lower bills). The Council notes the government law created a competitive market to deliver energy savings at least cost, resulting in NSW now leading the world in the wide-scale adoption of efficient lighting.
A more recent development has been “return and earn” providing refunds on drink bottles and cans. Originally decried by major beverage companies as a tax on consumers that would cost jobs – the evidence is that more than 500 new jobs have been created. None have been reported lost. The state’s Pricing Regulator has also found minimal cost impact; and when you return your drink container for the 10 cent refund, you are saving on the purchase price.
This does not mean that these jobs are replacing employment in the extractive industries, but rather at a macro level there is a social and economic benefit. The issue confronting policy makers is transition as one industry declines and another grows. Some skills are transferable but more deliberate assistance programs are needed. …..
It’s not a choice between jobs and the environment, but how to transition in a way that manages inevitable dislocation and also prevents ongoing, damaging and serious environmental impacts on present and future generations. This is the challenge for the new federal and NSW ministers for the environment and industry.
We know there are many jobs in the green economy – NSW has shown this. Income and job creating services that protect the climate will grow if government allows it. Establishing a local reprocessing industry for our recycling is also essential. Asia has rejected our kerbside recyclate and we can’t just dump or incinerate it here. On the optimistic side, we have a new federal Minister for Waste Reduction in the environment portfolio, the first in Australia’s history; and state ministers are grappling with how to embrace the circular economy where resources are not wasted. Let’s dispense with the slogan of jobs v the environment and get on with doing both.
Jeff Angel is the director of the Total Environment Centre. https://www.brisbanetimes.com.au/national/ditch-the-jobs-v-environment-slogan-and-get-on-with-doing-both-20190610-p51w8n.html
Striking school students are more likely to have successful careers
School strikers are going places but the dole queue isn’t one of them, https://www.brisbanetimes.com.au/environment/climate-change/school-strikers-are-going-places-but-the-dole-queue-isn-t-one-of-them-20181202-p50jog.html, By Clive Hamilton 2 December 2018 The resources minister, Matt Canavan, last week told students that the only thing they’d learn by skipping school to protest over inaction on climate change would be how to join the dole queue.
The history of protest in Australia shows the opposite. The protest leaders of the 1960s and 1970s, including many high school students, were denounced by conservatives as long-haired layabouts who would never amount to anything. In fact, they became the next generation of leaders in politics, universities, media, the public service, NGOs and even business.
Take the 1965 Freedom Ride, for instance. “Look at em,” said one RSL stalwart when students turned up to protest against the ban on black diggers. “The brains of Australia! God help you if you ever end up under em.” That’s exactly what happened. The Freedom Ride’s leaders included Jim Spigelman, who would go on to become Chief Justice of NSW and chair of the ABC, Ann Curthoys, later an eminent professor, and Charles Perkins, who became an Aboriginal leader, leading public servant and one of Australia’s Living National Treasures.
Student protesters have become newspaper editors, cabinet ministers, prize-winning poets, much-loved cartoonists, publishers, world-famous authors and Supreme Court judges.
There’s a reason they develop into leaders. It’s those young people who throw themselves into civic engagement who become the best citizens and most productive members of our society. They are the passionate ones willing to stand up. They are not content to “work, consume, die” but commit themselves to making a better Australia.
When we hear Canavan tell 2GB the protesters are “not actually taking charge of their lives” and they should get a real job, he’s telling them they should not be active, motivated citizens but docile consumers who leave politics to the politicians.
The protesting school kids, tired of watching the sacrifice of their future by a government dominated by climate science deniers, had some sharp answers to that, waving placards reading “Why should we go to school if you won’t listen to the educated?” and “I’ve seen smarter cabinets in Ikea”.
The students are carrying on a noble tradition. The great social movements that defined modern Australia—the movements for women’s liberation, gay rights, Indigenous rights, and environmental protection—all inspired school students to get out on the streets, wave banners and chant slogans.
Clive Hamilton is the author of What Do We Want? The Story of Protest in Australia and professor of public ethics at Charles Sturt University in Canberra.
Australian government’s absurdly inflated claim of 45 jobs for proposed nuclear waste dump
Jobs not sustainable JIM GREEN Friends of the Earth Australia, Eyre Peninsula Tribune, 10 Oct 18
The federal government claims that 45 jobs will be created at its proposed national radioactive waste facility in Kimba or the Flinders Ranges.
The government further claims that its jobs estimate has been “tested” against comparable overseas facilities.
But such comparisons prove that the government’s jobs estimate is grossly inflated. The CSA radioactive waste facility in France processes 73 cubic metres (m3) per employee per year. The El Cabril radioactive waste facility in Spain processes 10 cubic metres (m3) per employee per year.
Yet the Australian government estimates productivity of just 1 m3 per employee per year. The government evidently has a dim view of the productivity of Australian workers, or, more likely, its jobs estimate is grossly inflated.
If we assume that Australia matched the lowest of the figures given above ‒ 10 m3 per employee per year at El Cabril in Spain ‒ then the staff at an Australian facility would be processing waste for just one month each year.
The government might be willing to pay 45 staff to do nothing for 11 months each year, but it’s not a sustainable situation. The Department of Finance wouldn’t tolerate it. Staffing would be dramatically culled.
Almost certainly, a future government would revert to the plan pursued by previous governments: keeping the waste facility closed most of the time, and opening it occasionally for waste disposal and storage. https://www.eyretribune.com.au/story/5693747/letters-to-the-editor/
Victoria’s renewable energy boom set to create thousands of jobs
Green Energy Markets predicts more than 6,000 annual jobs will be created but urges federal policy intervention, Guardian, Calla Wahlquist @callapilla 2 Oct 2018 The renewable energy construction boom in Victoria is on track to create more than 6,000 annual jobs, according to a new analysis.
As of August 2018, large-scale wind and solar projects under construction in Victoria had created 5,169 job years of employment – meaning one person working full time for one year – overtaking Queensland with 5,156, according to an analysis by Green Energy Markets released by GetUp on Tuesday.
When the remainder of the projects greenlit under Victoria’s renewable energy auction come online, job years of employment will increase to 6,072.
Victoria has 26 operational large-scale wind and solar projects, 12 under construction and 28 with planning approval.
But the Green Energy Markets director of analysis, Tristan Edis, said that without federal policy intervention the construction boom would being tapering off in 2020, because the large-scale generation certificates scheme would be over-supplied.
Renewable energy made up 25.5% of the electricity fed into the major east and west coast power grids in August, enough to power 12.1m homes, the report said.
As of August there were another 6,184MW of new large-scale renewable energy projects under construction, creating 15,511 jobs, the bulk of which were in Queensland and Victoria. Wind generation accounted for 54% of the new projects and the remainder were large-scale solar……..
Victoria and Queensland also on track to meet their state-based renewable energy generations targets of 40% and 50% respectively by 2030.
Victorian environment minister Lily D’Ambrosio said the construction jobs were the product of a record investment in renewable energy and that investment would be under threat if the Coalition won the state election next month.
NSW currently leads the number of jobs in the rooftop solar installation industry, followed by Queensland, Victoria and WA, although jobs in rooftop solar in Victoria are forecast to increase due to its $2250 solar panel rebate.https://www.theguardian.com/australia-news/2018/oct/01/victorias-renewable-energy-boom-set-to-create-thousands-of-jobs
Jobs for South Australians at nuclear morgue? That is a shaky promise.
A nuclear waste jobs bonanza for regional South Australia? http://www.onlineopinion.com.au/view.asp?article=19959, – Jim Green, 27 Sept 19
The federal government is trying to persuade regional communities in South Australia to host a national radioactive waste facility – an underground burial repository for lower-level radioactive wastes and an above-ground ‘interim’ store for long-lived intermediate-level waste. One site under consideration is near Hawker in the Flinders Ranges, and two other sites under consideration are on farming land near Kimba at the top of the Eyre Peninsula.
The government is promising 45 jobs, three times its earlier claim that there would be 15 jobs at the proposed facility. The compensation package on offer has also tripled and now stands at $31 million.
Forty-five jobs would be welcome in small regional communities. But is it plausible that 45 jobs would be created? When the Howard government was attempting to establish a radioactive waste repository in SA from 1998 – 2004, the government said there would be zero jobs – not even any security guards. The government-commissioned PR company Michels Warren said: “The National Repository could never be sold as “good news” to South Australians. There are few, if any, tangible benefits such as jobs, investment or improved infrastructure.”
From 2005 to 2014, Coalition and Labor governments targeted sites in the Northern Territory for a radioactive waste repository and said there would be just six jobs, all of them security guards.
Last year, with SA once again in the firing line, the government said: “At least 15 full-time equivalent jobs will be needed to operate the facility. These will be in site management, administration, security, environmental monitoring, site and building maintenance as well as receiving and packaging waste materials.”
Recently, the jobs estimate was upped to 45, with the government saying: “In addition to the 15 operational jobs already confirmed, the structure now includes roles for community liaison, management, tourism, environmental monitoring, security, health and safety: a total of 45 staff.”
This is the breakdownof the 45 jobs:
14 – security and safeguards
13 – waste operations and technicians
8 – site management and community outreach
5 – environmental protection and quality control
5 – safety and radiation protection
That estimate comes with caveats: “the final workforce design and structure will be based on a number of factors including advice from security agencies, the views of the independent regulator and the details of the final business case, with inputs from across government.”
Overseas comparisons
The Centre de Stockage de l’Aube (CSA) radioactive waste facility in France handles over 200 times more waste per yearcompared to the proposed facility in SA yet it employs only four times as many staff as the proposed facility in SA. CSA processes 73 cubic metres (m3) per employee per year (13,164 m3 / 180 staff).
Is the estimate of 45 jobs credible? Not if overseas radioactive waste facilities are any guide.
The El Cabril radioactive waste facility in Spain has a staff of 137 people and processed an average of 1,395 m3 per year from 1993 to 2016. That equates to 10.2 m3 per employee per year.
Yet the Australian government estimates a workforce of 45 people to process 45 m3 per year: 1 m3 per employee per year compared to 10.2 in Spain and 73 in France. The government evidently has a dim view of the productivity of Australian workers, or, more likely, its jobs estimate is grossly inflated.
Will the government pay staff to do nothing?
Measuring jobs-per-employee doesn’t account for some jobs required whether a facility processes 1 m3 or 1 million m3 per year: administration, security and so on. As a government official stated: “There are a base number of jobs related to the management of the waste which are not linear with volume and a number of jobs that would scale with larger volumes.”
Nevertheless, productivity at the proposed Australian facility would be dramatically lower than comparable facilities overseas.
If we assume that Australia matched the lowest of the figures given above – 10.2 m3 per employee per year at El Cabril in Spain – then the staff at an Australian facility would be processing waste for just one month each year and they’d have 11 months to play ping-pong.
The current government might be willing to pay 45 staff to play ping-pong for 11 months each year, but it’s not a sustainable situation. The Department of Finance wouldn’t tolerate it. If staff at the waste facility are paid by the federal government to do nothing for most of the time, what sort of a precedent does that set, and why shouldn’t the rest of us be paid to do nothing for 11 months out of 12 at a cost to taxpayers of several million dollars each year?
Almost certainly, staffing would be dramatically culled. Almost certainly, a future government would revert to the plan pursued by previous governments: keeping the waste facility closed most of the time, and opening it occasionally for waste disposal and storage. In the jargon, this is called a campaign-based approach with occasional waste disposal ‘campaigns’.
Previous governments said that waste would be sent to the facility just once every 3 – 5 years. For example, the government said in 2003 that waste would be transferred to the facility just once every five years: “It is considered for planning purposes that an average period of 5 years between campaigns will be appropriate” (Volume III of DEST application to ARPANSA, Ch.9, ‘Waste – Transfer and Documentation’, p.5).
In a recent attack on me for questioning its estimate of 45 jobs, the Department of Industry, Innovation and Science said it was unable to locate any previous government documents regarding periodic, campaign-based plans. The federal government can’t find federal government documents? Seriously?
The government says that it wants continuous operation of the repository (for reasons unexplained) rather than a periodic, campaign-based approach. But even so, the government only plans to shift waste to the facility once or twice each yearaccording to a 2016 document. A July 2018 government document states: “This facility will be an operational facility and not as some have suggested, a minimally crewed warehouse to be opened once or twice a year.” But it is the government itself which says that waste will only be transported to the facility once or twice each year!
Broader economic impacts Continue reading
Renewable energy jobs up by a third – Australian Bureau of Statistics
27 Apr 18, The number of jobs in Australia related to renewable energy production grew by one-third in 2016-17 to 14,820 full-time equivalent (FTE) positions, according to data released today by the Australian Bureau of Statistics.
ABS Director of Environment and Agriculture Statistics, Lauren Binns, said the 33 per cent increase on the previous year was mainly due to a number of major wind and solar energy projects starting their construction phase.
“The increase in employment in 2016-17 was driven primarily by three states, Queensland, New South Wales, and South Australia ” said Ms Binns.
Queensland had the largest increase in renewable energy employment, gaining an extra 1,220 FTE jobs, as a result of construction of large scale solar farms.
New South Wales and South Australia, on the other hand, realised most of their increases from new wind farm construction.
“In recent years, Australia has experienced growth in the amount of energy derived from renewable sources. While the proportion of energy from renewable sources remains relatively small there is considerable interest in renewable energy activities and associated employment,” said Ms Binns.
While roof top solar employment accounts for nearly half of the renewable energy jobs, the numbers have declined substantially over time, from a peak of 14,300 in 2011-12 to 6,430 in 2016-17.
The ABS publication, Employment in Renewable Energy Activities, Australia, provides experimental estimates of the levels of employment in renewable energy by state and territory, and by types of renewable energy activities.
The scope of employment estimates in this publication is employment in activities principally motivated by the production of renewable energy, and/or by the design, construction and/or operation and maintenance of renewable energy infrastructure.
A renewable energy jobs boom is sweeping across regional Australia
Renewable energy: powering Australia in more ways than one http://www.examiner.com.au/story/5229330/renewable-energy-is-powering-jobs-in-the-regions/?cs=97 James Wright 18 Feb 18 A jobs boom is sweeping across regional Australia and there’s one industry to thank – the renewable energy sector. From places like Gordon in southern Tasmania to Pindari in north-east NSW, new solar installations, windfarms, battery arrays, solar towers and pumped hydro facilities are springing life into regional towns. How are they doing this? By injecting desperately needed investment and job opportunities into remote locations.
In Far North Queensland, the Kidston solar array and pumped-hydro project will create 588 jobs this year. At the other end of the country in Port Augusta, Sundrop Farm’s first-of-its-kind solar tower for Australia creates another 200 jobs. Meanwhile over the border, Stawell in western Victoria is preparing for an influx of 1300 jobs from Nectar Farms combined windfarm, battery storage and 10-hectare hothouse facility.
This is great news! But despite the steady stream of new developments in regional areas, we’re actually being short-changed. Policy uncertainty due to ongoing internal squabbles in the Federal Government is strangling the growth of this sector and costing regional Australia the true jobs boom it deserves.
Australia has the richest renewable energy resources in the world. We have enough to power the nation 500 times over, yet we have some of the least ambitious renewable energy targets in the developed world.
If politicians could simply commit to a modest and achievable 50 per cent renewable energy target, this would create 28,000 new jobs. The vast majority would be in regional Australia where they are greatly needed to breathe new life into struggling local economies.
A renewable energy investment boom is a light on the horizon for many regional towns, we can’t let backwards politics spoil this once in a generation opportunity. James Wright is chief executive officer of the Future Business Council.
Future jobs in Far North Queensland threatened by Adani coal mine
Claims that Adani Coal Mine will threaten future tourism jobs in Far North, Tom Volling, The Cairns Post, June 19, 2017 A GROUP of scientists, doctors and reef conservationists claim a controversial coal mine destined for Central Queensland will negatively impact the Cairns economy.
False promises about Adani coal project have sucked in Queensland Premier and Townsville Mayor
the myriad companies that make up the Adani conglomerate make it nearly impossible to follow the money. What tax on profits will be paid in Australia? How much will be siphoned off to Adani’s “marketing hub” in Singapore and the Adani family company in the Cayman Islands?It was December 2016 when Gautam Adani flew into Townsville to meet Queensland Premier Annastacia Palaszczuk and the city’s mayor, Jenny Hill. Yes, there was some animosity: a couple of hundred people gathered on the foreshore to protest against Adani’s proposed coal mega-mine, and two native-title owners, Carol Prior and Ken Dodd, were also on his trail.
Australian Capital Territory (ACT) – jobs growth with renewable energy
Renewable jobs grow as ACT drives down emissions from government operations by 17 per cent in three years, Canberra Times, Katie Burgess, 13 Dec 16, Jobs growth in the ACT renewable energy sector in the past six years was 12 times faster than the national average, a report into the territory government’s action on climate change has revealed.
The Minister’s Report into Climate Change and Greenhouse Gas Reduction also showed the rate of job growth in the ACT’s renewables sector was six times higher than any other state and territory, as the government invested $12 million into a renewable energy industry development strategy.
Ahead of the COAG Energy Council meeting on Wednesday, climate change minister Shane Rattenbury said he would push other states and territories to take up their own renewable energy targets.
“We must not allow the federal government’s inaction to limit what we can achieve at a state and territory level. The ACT is a great example of what subnational governments can achieve. We are on track to meet our 100 per cent renewable electricity target by 2020 and to become Australia’s first zero emission jurisdiction by 2050,” Mr Rattenbury said.
Emissions from government operations have fallen 17 per cent since 2012-2013, the report also revealed. The ACT government is aiming to be carbon neutral in its own operations by 2020……http://www.canberratimes.com.au/environment/climate-change/renewable-jobs-grow-as-act-drives-down-emissions-from-government-operations-by-17-per-cent-in-three-years-20161213-gta1ha.html
Jobs in a clean energy future
http://apo.org.au/resource/jobs-clean-energy-future
25 October 2016 Download file
By committing to the Paris Agreement, the world recognised the need to work together to keep global warming well below 2 degrees. Around the world, other governments are embracing the opportunities of transitioning to a clean energy future. But at home, Australia’s pollution continues to rise and Australia remains as one of the biggest per capita polluters in the world. There is still no coherent national plan to transition Australia to a net zero emissions economy.
Jobs in a clean energy future updates our 2010 collaboration Creating Jobs – Cutting Pollution and demonstrates, yet again, that creating a brighter future for the Australian community and our environment go hand in hand.
This report presents a clear choice. If Australia continues with business as usual, pollution will continue to rise and the health of the people and our natural world will continue to deteriorate. If the government acts now and implements policies under a strong action scenario we can create one million more jobs by 2040. People and nature will be better off and the places we love will thrive. If we increase public transport and clean energy Australia’s cities, towns and regions will be more liveable, smarter and healthier places to live. By embracing these opportunities Australia can be a world leader and create jobs and industries that are at the forefront of the transition.
Banks ready to back big solar projects: renewable energy jobs on the rise
Banks looking even closer at backing big solar projects: Clean Energy Council, Brisbane Times, Tony Moore , 8 Sept 16, Australian banks will invest more heavily in solar energy projects within the next 12 months, Clean Energy Council chief executive Kane Thornton said after Thursday’s announcement that 12 new solar farms Australia-wide had been backed by $100 million from the federal government.
The federal government’s Australian Renewable Energy Agency on Thursday announced 12 large-scale solar projects – six in Queensland – had received federal support.
ARENA chief executive Ivor Frischknecht said improved efficiencies had meant solar energy producers were getting much more bang for their funding buck than they were even two years ago. “In 2014, the grant funding needed for large-scale solar projects was $1.60 a watt,” Mr Frischknecht said.”In 2015, this dropped to 43 cents at the EOI stage of ARENA’s $100 million large-scale solar funding round; and to an average of 28 cents in June 2016 when full applications were submitted,” he said.
“The average requirement of the projects we are taking forward today is an incredible 19 cents a watt.”
Mr Thornton said solar projects would soon begin to rely less on federal government for funding to begin operations. “We really at the threshold of saying that once we see another round of these of these projects we are going to see the costs decline to the point when they are built on their own, without the government support,” he said. “I think it is months, if not maybe a year or so, before we can expect them to go ahead without further funding.”
Mr Thornton said banks were now closely examining the viability of investing more heavily in solar and renewable energy projects in Australia.
The first major investment in solar energy by Australian banks came in 2013 when NAB and ANZ invested in a 20 megawatt solar plant in Canberra. More investment in solar plants followed, while banks have questioned some large new coal projects……….
Mr Thornton said scale of new solar farm plants was lowering production costs to the point where it was “cost comparative’ with coal and gas.
Mr Thornton said it was now time to begin training workforces that worked in traditional energy supply companies to work in renewable energy. http://www.brisbanetimes.com.au/queensland/banks-looking-even-closer-at-backing-big-solar-projects-clean-energy-council-20160908-grc5ol.html
Antinuclear 