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  • China builds to a renewables roar | Business Spectator
    cent of new capacity additions while those powered by fossil fuels alone are down to 43 per cent This is one small blip on the statistical chart But it is one giant leap for China It means that the growth of its electric power system that underpins the entire modernisation and industrialisation of the country is now being powered more by renewables than by fossil fuels Wind and solar are growing at a great rate while nuclear is barely moving We summarise this data in the chart below Source Authors based on NEA data Source Authors based on NEA data Source Authors based on NEA data China s 12th five year plan It is a further remarkable coincidence that in the same week as the energy administration figures were released China Railway revealed the building of the country s high speed rail network passed the 10 000km mark by far the largest in the world China s high speed rail is massively more efficient as an inter city transport system than private automobiles and air The country is also greening its electric power systems and consequently saving huge quantities of carbon emissions These results for 2013 reveal just how strongly China is swinging behind renewables as its primary energy resource This is consistent with the 12th Five Year Plan running from 2011 to 2015 which projects that China will be generating 30 per cent of its electric power from non fossil sources overall by 2015 This is a level far higher than comparable industrialised countries And it is consistent with the allocation of capital to strategic industries including those producing cleantech goods which are anticipated to be growing at 15 per cent per year by 2013 or at twice the rate of the country s GDP growth overall In other words renewable energy and cleantech industries are seen by the country s leaders as becoming a pillar of the industrial economy along with the steel and automotive industries It s just that it is happening even faster than China anticipated A lesson to be learnt from China What a contrast with the situation in Australia Here we find the new government using their mandate to abolish the carbon tax as an excuse to jettison any progress that has been hard won in Australia in renewables and cleantech industries A bill to abolish the Clean Energy Finance Corporation Australia s Green Bank and fabulously successful in driving the financing of new cleantech ventures was passed in the House of Representatives with Coalition support but rejected in the Senate This probably gives the CEFC a reprieve of six months until there is a new Senate in place on July 1 next year but the tide might have turned by then and the government might be less anxious to do away with an obviously successful CEFC Ministers in the new government take every opportunity to deride the renewables and cleantech sector even though it is one of the few sectors to show any

    Original URL path: http://www.businessspectator.com.au/article/2013/12/17/renewable-energy/china-builds-renewables-roar (2014-01-13)
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  • John Mathews & Hao Tan | Business Spectator
    clean set of financial numbers is needed to restore confidence Politics Australian Election Federal Budget International News Asia Europe USA National Affairs Latest stories Gagging visas are an attack on democracy The skyrocketing price of a journalist visa for Nauru will limit coverage of Australian prisoners on a vassal state It is an insult to the democratic principles this country stands for Britain will be poorer for Scotland the brave The economic case for Scottish independence is far from settled with doubts hanging over volatile oil prices and uncertainty over future revenues One thing is certain it would be a disaster for Britain Technology NBN Buzz Mobility BYOD Smart Devices Emerging Tech Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu John Mathews Hao Tan China builds to a renewables roar China s renewables uptake is surprising even Beijing with capacity additions exceeding those powered by fossil fuels and nuclear The spinoff is a new industrial pillar by John Mathews Hao Tan 9 01am December 17 6 comments Search Markets Global Indices Index Last Chg Chg DOW JONES 16437 05 7 7 S P 500 1842 37 4 2 0 2 NASDAQ 4174 66 18 5 0 4 FTSE 100 6739 94 48 6 0 7 NIKKEI 15912 06 31 7 0 2 Hang Seng 22846 25 58 9 0 3 The Spectators US labour market can

    Original URL path: http://www.businessspectator.com.au/contributor/john-mathews-hao-tan (2014-01-13)
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  • Merkel hands environment and energy posts to coalition partner | Business Spectator
    economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Merkel hands environment and energy posts to coalition partner 16 Dec 2013 1 14 PM Climate Renewable energy German Chancellor has ceded control of Germany s controversial shift from nuclear to renewable energy to her Social Democrat SPD rivals You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Reuters Angela Merkel has ceded control of Germany s controversial shift from nuclear to renewable energy to her Social Democrat SPD rivals who will take charge of ministries responsible for the environment and energy according to SPD sources Merkel is on the verge of securing a third term as chancellor but is awaiting a green light from a poll of close to 475 000 grassroots SPD members Results of the vote are expected on Saturday allowing the new government to start next week One of its top priorities will be a reform of the complex renewable energy law which has sent costs for consumers soaring because of generous incentives for solar and wind power The grand coalition government of Merkel s conservatives and the SPD has pledged to agree the reform by Easter SPD sources told Reuters SPD chairman Sigmar Gabriel would lead a ministry responsible for economy and energy policy and SPD treasurer Barbara Hendricks would replace Peter Altmaier of Merkel s Christian Democrats CDU as environment minister The surprise move gives Merkel s rivals control of the biggest domestic policy initiative of her second term yet may also deflect any future blame from the chancellor should the energy shift falter or prove deeply unpopular SPD sources added the CDU s Wolfgang Schaeuble would remain finance minister while the SPD s Frank Walter Steinmeier would return as foreign minister a post he held between 2005 and 2009 SPD General Secretary Andrea Nahles would take the post of labour minister and the SPD s

    Original URL path: http://www.businessspectator.com.au/news/2013/12/16/renewable-energy/merkel-hands-environment-and-energy-posts-coalition-partner (2014-01-13)
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  • Legal change: Dealing with Direct Action | Business Spectator
    Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Legal change Dealing with Direct Action Marcus Priest 16 Dec 2013 11 34 AM 1 Climate Renewable energy Direct Action shifts climate policy to a government contracting model a move that will bring legal benefits and challenges You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Overlooked in the debate over the shift from carbon pricing to the Abbott government s Direct Action policy is the changed legal underpinning for emissions reduction activity by companies Putting to one side the relative policy merits of each approach that has been the focus of public debate this shift brings with it other fundamental changes which have not yet been properly examined both in where abatement occurs and under what conditions With the release of a Green Paper on Direct Action in the coming weeks it is critical that the detail and implication of these fundamental changes is scrutinised Although some legislation will be required imposing penalties on some polluters the government s preference is to implement Direct Action primarily through government contracting As a result under Direct Action the obligation to abate will arise from contracts between companies the seller of abatement and the government the buyer of the abatement In contrast under carbon pricing companies obligations to reduce emissions arise primarily from legislation the Clean Energy Act It is now well known that the change involves a shift from companies paying government based on how much they emit to a new approach in which taxpayers pay companies to emit less The shift to a government contracting model naturally requires a different approach by companies and their advisers that until now have been focused on structuring legal and business arrangements for a market based scheme The change means that parties looking to reduce emissions will need to carefully consider the upfront costs And like any government contracting there will need to be careful consideration of the respective risk allocation before proceeding The upside of the new approach for abatement is that it can provide greater certainty to companies and their financiers who better understand and accept the contracting model In contrast uncertainty over the future market price of carbon in emissions trading can be a disincentive to investment Another upside is that while the carbon pricing scheme is confined to certain parts of the economy and companies emitting over 25 000 tonnes of CO2 annually the opportunity for contracting for abatement under Direct Action is much broader One of the sectors that is well suited to the Direct Action model is the property sector where energy efficiency projects

    Original URL path: http://www.businessspectator.com.au/article/2013/12/16/renewable-energy/legal-change-dealing-direct-action (2014-01-13)
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  • Marcus Priest | Business Spectator
    vassal state It is an insult to the democratic principles this country stands for Britain will be poorer for Scotland the brave The economic case for Scottish independence is far from settled with doubts hanging over volatile oil prices and uncertainty over future revenues One thing is certain it would be a disaster for Britain Technology NBN Buzz Mobility BYOD Smart Devices Emerging Tech Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Marcus Priest Legal change Direct Action unknowns Creating new abatement methodologies managing seller risk and hedging against the prospect of government change are just some of the difficulties facing abatement aspirants by Marcus Priest 8 08am December 17 Legal change Dealing with Direct Action Direct Action shifts climate policy to a government contracting model a move that will bring legal benefits and challenges by Marcus Priest 11 34am December 16 1 comment Legal change Direct Action unknowns Creating new abatement methodologies managing seller risk and hedging against the prospect of government change are just some of the difficulties facing abatement aspirants by Marcus Priest 8 08am December 17 Legal change Dealing with Direct Action Direct Action shifts climate policy to a government contracting model a move that will bring legal benefits and challenges by Marcus Priest 11 34am December 16 1 comment Search Markets Global Indices Index Last Chg Chg DOW JONES 16437 05

    Original URL path: http://www.businessspectator.com.au/contributor/marcus-priest (2014-01-13)
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  • Luke Menzies | Business Spectator
    of disappointment a clean set of financial numbers is needed to restore confidence Politics Australian Election Federal Budget International News Asia Europe USA National Affairs Latest stories Gagging visas are an attack on democracy The skyrocketing price of a journalist visa for Nauru will limit coverage of Australian prisoners on a vassal state It is an insult to the democratic principles this country stands for Britain will be poorer for Scotland the brave The economic case for Scottish independence is far from settled with doubts hanging over volatile oil prices and uncertainty over future revenues One thing is certain it would be a disaster for Britain Technology NBN Buzz Mobility BYOD Smart Devices Emerging Tech Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Luke Menzies Climate wrap Abbott s first 90 days As the parliamentary year ends The Conversation presents a rundown of the climate change and science policy decisions made since the election by Luke Menzies 9 13am December 13 8 comments Search Markets Global Indices Index Last Chg Chg DOW JONES 16437 05 7 7 S P 500 1842 37 4 2 0 2 NASDAQ 4174 66 18 5 0 4 FTSE 100 6739 94 48 6 0 7 NIKKEI 15912 06 31 7 0 2 Hang Seng 22846 25 58 9 0 3 The Spectators US labour market can withstand the chill Callam

    Original URL path: http://www.businessspectator.com.au/contributor/luke-menzies (2014-01-13)
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  • Coal surplus looms, no renewables blowout: AEMO | Business Spectator
    a disaster for Britain Technology NBN Buzz Mobility BYOD Smart Devices Emerging Tech Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Coal surplus looms no renewables blowout AEMO 12 Dec 2013 1 50 PM Climate Energy markets Renewable energy Operator releases verdict on national transmission outlook You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter The Australian Energy Market Operator has released its 2013 National Transmission Network Development Plan report predicting a coal supply surplus and undermining claims of a renewables transmission cost blowout The report predicts an oversupply of coal over the next 25 years of up to 4000MW while most new investment over the period will be a result of the Renewable Energy Target AEMO also says that despite the development of new renewable energy investment in network transmission costs is set to be relatively small Network augmentations that had been under investigation or already committed have been delayed or cancelled and asset refurbishment and replacement will be the dominant investment

    Original URL path: http://www.businessspectator.com.au/news/2013/12/12/energy-markets/coal-surplus-looms-no-renewables-blowout-aemo (2014-01-13)
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  • Bulgaria latest to apply renewable fee | Business Spectator
    and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Bulgaria latest to apply renewable fee 6 Dec 2013 9 48 AM Climate Renewable energy Nation imposes 20 per cent fee on solar and wind power You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Reuters Bulgaria s parliament voted overnight to impose a 20 per cent charge on income from wind and solar power installations next year as the Socialist led government struggles to keep down electricity bills and reduce deficits related to clean energy The government faced with daily protests over corruption has pledged to keep power costs low to avoid mass public unrest in a country where energy bills take a big chunk of people s monthly income especially during the winter Protests over high electricity bills partly the result of investment in green energy toppled the previous centre right cabinet in February Countries across Europe have also sought to cut subsidies to wind and solar energy that have pushed up consumer electricity bills The new fee taking back some of the generous subsidies the European Union s poorest country pays to the producers of green energy was approved as part of Bulgaria s 2014 budget Wind and solar power producers have attacked the new fee which was proposed between the two budget law readings without prior debate They say it will lead to bankruptcies and scare away foreign investors Dozens of investors from Germany Austria the United States and South Korea have rushed to the Balkan country to take advantage of the subsidies Their investment of more than 4 billion euros US5 4 billion has built 1 600 megawatts in wind and solar power installations Bulgaria s parliament also voted to limit the amount of energy that can be purchased at preferential prices which the green energy sector says will hit their income by 15 to 20 per cent on the top of the new fee These measures are only concerning wind and solar energy producers We will appeal to the president to impose a veto on the 2014 budget to stop that discriminatory move said Nikola Gazdov of the Bulgarian Photovoltaic Association Prime Minister Plamen Oresharski said on Wednesday that the expected proceeds of about 150 million levs US104 million from the fee next year will be

    Original URL path: http://www.businessspectator.com.au/news/2013/12/6/renewable-energy/bulgaria-latest-apply-renewable-fee (2014-01-13)
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