Daily Bulletin

Men's Weekly

.

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra
image

Despite the government still considering his proposal for a clean energy target (CET) – after endorsing his other 49 recommendations – Chief Scientist Alan Finkel is optimistic the CET remains firmly on the agenda.

Finkel’s challenging task has been to put forward a scheme to bring Australia’s energy market into the future, providing certainty for investment and supply. His plan has required a balance between appeasing consumers on prices and meeting Australia’s commitments on climate change.

This is made harder by the desire of many in the government to push on with developing new “clean-coal-fired” power stations, a term Finkel describes as “a murky concept”. “There is no prohibitions in any of our recommendations. The government has to decide whether to license new technologies,” he says.

Asked about the concept of “reverse auctions” – better called competitive tenders – he says this is “widely recognised to be the most cost-effective means of bringing the lowest cost solution into the market”. But that’s dependent on the wisdom of the entity running the auction rather than the wisdom of investors.

Overall, Finkel acknowledges there’s a hard road ahead for policymaking on energy. “Transitions are always painful,” he says.

Authors: Michelle Grattan, Professorial Fellow, University of Canberra

Read more http://theconversation.com/politics-podcast-alan-finkel-on-the-future-of-australias-energy-market-80010

Business News

Westlink Construction Cleaning Revolutionizes Warehouse Cleanliness with Eco-Friendly Solutions in Sydney

“Innovative cleaning services offer sustainable and efficient solutions to meet the growing demand for eco-conscious warehouse maintenance.” Westlink Construction Cleaning is proud to announce its gr...

Daily Bulletin - avatar Daily Bulletin

How HZad Education Supports International Students Preparing for CELPIP in Australia

As Australia officially accepts CELPIP (Canadian English Language Proficiency Index Program) for visa applications, international students face new opportunities alongside unprecedented preparation ch...

Daily Bulletin - avatar Daily Bulletin

Online Site Inductions for Busy HR Teams

Induct For Work, the Australian platform for frontline onboarding and compliance, has launched Compliance Hub, a fully integrated, real-time workflow designed specifically for the fast-paced, highly m...

Daily Bulletin - avatar Daily Bulletin

LayBy Deals