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Energy transition

This Month

The Collector wind farm is one of only two wind farms approved in the last five years in NSW.

NSW wind farm heads for approval, breaking project drought

A contentious renewables project near a historic gold mine looks set to be the first large wind farm approved in NSW since May 2021.

  • Angela Macdonald-Smith

Gina Rinehart lived up to her outsider status when accepting The Australian Financial Review’s Business Person of the Year award

Rinehart’s common sense crucial to green mining transition

Policy-makers need to heed the calls by two prominent female resource sector leaders not to hobble the upstream mining sector on which the nation’s prosperity rests.

  • The AFR View
COP28 president Sultan Al-Jaber and US climate envoy John Kerry at COP28 in Dubai.

COP28 puts the heat on energy transition

The conference’s proposed measures could put the world back on course in its climate change response. What we need to see now is action from leaders in politics and business.

  • Kerry Schott
US Federal Reserve chairman Jerome Powell: Let the pivot party begin.

What really matters now for investors, and nine more opinion reads

Here are 10 opinion pieces from the week.

Energy Australia managing director Mark Collette

‘Too much risk’: Call for strategic coal power reserves

The head of the electricity supplier, Mark Collette, wants serious discussions on a scheme for a coal power reserve to prevent the lights going out on consumers.

  • Angela Macdonald-Smith
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Shemara Wikramanayake, Rob Scott, Vanessa Hudson, Matt Comyn, Mike Henry, Vicki Brady, Ross McEwan, Amanda Lacaze.

What top CEOs want the Albanese government to focus on in 2024

Corporate leaders want the Labor government to focus on helping households with cost-of-living pressures, the housing crisis and slow planning approvals. 

  • James Thomson and Anthony Macdonald

The world just made it clear the fossil fuel era is ending

More than any climate deal before it, the new pact reflects a recognition that the world is doing more harm than good by prolonging the era of coal, oil and gas.

  • Chico Harlan, Maxine Joselow and Timothy Puko
AEMO is counting on consumers like Donna Jones to play a bigger role in managing the grid as coal plants shut down. Ms Jones took part in Project Edge, a trial of two-way grid trading for solar/battery home owners in Yackandandah, Victoria.

Four key takeaways from the new energy market roadmap

Coal is dead, the consumer is king, rising costs are squeezing new transmission and utility-scale generation projects, and gas will play an indispensable but small role.

  • Ben Potter
The Australian Financial Review Business People of the Year for 2023 (from left): Sam Hupert, CEO and co-founder of ASX tech firm Pro Medicus; Lynas Rare Earths chief Amanda Lacaze; AustralianSuper chief investment officer Mark Delaney; Gina Rinehart, executive chairman of Hancock Prospecting; Airtrunk co-founder and CEO Robin Khuda; and Boral chief executive Vik Basal.

The Australian Financial Review names its Business Person of the Year

Gina Rinehart has capped an extraordinary year of deal-making across the mining, energy, agribusiness and retail sectors by taking out the top honour.

  • James Thomson
Westpac CEO Peter King at the bank’s AGM in Brisbane on Thursday.

Westpac boss to fly to Tiwi Islands to discuss Santos project

After a four-hour AGM in Brisbane, Peter King has committed to visiting the Tiwi following concerns about consultation on Santos’ Barossa project.

  • James Eyers
Victoria wants households to use induction stoves instead of gas.

Victoria to offer discounts to switch stoves from gas to electric

The Victorian government has expanded its plan to end the use of consumer gas by offering discounts for residents upgrading to electric induction cooktops.

  • Gus McCubbing
Climate Change and Energy Minister Chris Bowen speaks to reporters at the conclusion of COP28.

COP28 deal says gas to play role in energy transition

Climate change and energy minister Chris Bowen hailed the stronger than expected COP28 outcome as a way to bolster Australia’s transition to renewable energy.

  • Hans van Leeuwen

COP28 deal pledges fossil fuel ‘transition’ for first time

After a marathon round of backroom wrangling, the 198-nation summit endorsed a “transition away from” fossil fuels by 2050.

  • Updated
  • Hans van Leeuwen

COP28 shows weaning the world off fossil fuels is hard to do

The hard reality is coal demand will be here for decades to come. Oil and gas are no different.

  • Patrick Gibbons
Two-thirds of Australia’s energy sector methane emissions can be curtailed using existing technologies at below $30/tonne CO2-equivalent.

Methane is Australia’s missing COP28 opportunity

MethaneSAT, which will launch into orbit in 2024, will be a game changer for the energy sector’s abatement of a highly potent greenhouse gas.

  • Charlotte Hanson
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The Papua LNG project will be fed with gas from the remote Elk and Antelope fields in the Gulf Province.

Activist pressures weigh on Santos’ PNG growth

Slow work on financing the $US12 billion Papua LNG project come as ExxonMobil voices ambitions for further major gas growth tapping the Wildebeest prospect.

  • Angela Macdonald-Smith
Investors are pouring billions into data centres.

Your office could double as a data centre – with free hot water

Liquid-cooled server racks can create opportunities in technology and real estate as demand for computing power grows with artificial intelligence.

  • Michael Bleby
COP28 president Sultan al-Jaber, of the United Arab Emirates.

Will COP28 fail after dropping fossil fuel pledge?

For the Albanese government, and many others, the test of success or failure at COP28 is not necessarily a fossil fuel phase-out, but simply making progress.

  • Hans van Leeuwen
The United Arab Emirates’ proposed communique does not take enough of a step forward, critics say.

COP28 draft agreement drops phase-out of fossil fuels

Australia is among the countries pushing back against the UAE’s suggested deal text, saying the draft was only a “step forward” not the needed “step change”.

  • Hans van Leeuwen
Brisbane could play host to the COP31 summit in 2026.

Sprawling and costly: Can Australia host COP31 in just two years?

The conference, which could attract up to 80,000 people and puts pressure on transport, is likely to come to Australia in 2026. But the decision will be made next year.

  • Hans van Leeuwen