Gas Crisis & Fly Me to the Moon
My Commentary last Thursday 28 Sept questioned whether the “agreement” between Turnbull and three big gas exporters to have the latter supply additional gas domestically has solved the gas crisis. Yesterday the media took up the issue, with an editorial in Weekend Australian suggesting that Turnbull has made “an interim breakthrough this week when Australia’s three big gas exporters agreed to fix the ‘emergency’ shortfall that threatens to send prices soaring and shut down factories. A formal agreement in the coming week with Santos, Origin Energy and Shell appears likely to avert dire shortages next year and in 2019. The deal will avoid the need for the government to impose drastic controls on overseas shipments” (see Oz Editorial on Energy Crisis)
Abbott Challenges Turnbull on Climate & Energy Policy
The lead front page item in today’s Australian reports Abbott as indicating publicly that he will not support a clean energy target and that he advocates subsidies cease to be paid on wind and solar projects. The Australian also publishes an article by Abbott explaining his position. Both articles are attached. Abbott’s own article seems well written and, for the increasing number of sceptics on climate policy, it contains a sensible approach to energy policy which, inter alia, would ensure a reduction in electricity prices.
How are Energy Prices Determined?
My Commentary last Sunday reported that, in a speech to the South Australian Liberal Party, Turnbull said that Labor’s approach to energy was a combination of ideology and politics, compared to the Liberal focus on economics and engineering. No doubt with the South Australian Labor Premier in mind, he classified South Australian policy as “it’s actually ideology and idiocy in equal measure”.
Unproductive Week in Canberra Leaves Energy Policy Adrift
My Commentary on 7 August suggested that the Newspoll on that day (a Coalition’s TPP of 47/53) mainly reflected the policies adopted by Turnbull since he became leader of the Coalition and that, unless there is a change in policies, there could be a further deterioration in its polling. I attached an article by Chris Kenny explaining why most of Turnbull’s policies were inconsistent with supposed Coalition objectives.
Does Turnbull Have an Energy Policy?
I referred yesterday to the publication in the AFR of my letter headlined “Emission Target should be Reviewed”. This raised the possibility that Australia might follow the three largest emitters (China, India and the US) by dropping our target of a 26-28% reduction in emissions by 2030. Today I also had the following letter (abbreviated by Ed) published in The Australian
Energy Policy, Turnbull Down 3 Points
The debate over energy policy (which is really about climate policy) looks like continuing apace, with today’s AFR reporting a discussion at tomorrow’s joint Party Room on what it describes as “the energy crisis”. The fact that the Nationals are invited certainly suggests that there is a crisis of sorts (as a separate party, they do not normally participate). Deputy PM Joyce is pictured in the attached digital version practicing with his whip (see Mix of Energies Will Do) and as suggesting that there may be a discussion of a government-owned coal-fired generator. It surely can’t be that such a possibility might be seriously discussed: with an energy policy involving an increase in renewable (under a Finkel 42% by 2030) coal usage would progressively decline and there would be no new investments in coal-fired generators. In such circumstances any government coal-fired generator would lose money and would have to be subsidized. It would not on its own “save” coal.
Responding to Islamic Threat, Climate Change, Financing Budget Deficits
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I suggested yesterday that there has recently been a higher rate of violent activity from Islamic jihadists and that has been confirmed by reports today of an arrest of a man for supplying a weapon to the now dead Brighton jihadist and police questioning of others possibly involved. Today’s Australian has also published a range of material on jihadism, including the whole of its letters page on critiques of Islam and suggestions of what should be done about it.
Turnbull Trump Meeting, French Election & Review of Climate Change Policy
It is always difficult to interpret meetings between two leaders of countries and many words have been written about Malcolm Turnbull’s meeting with President Trump. In this instance the interpretation is made more difficult than usual because most of the meeting was in public and the two leaders were not inclined to be critical of each other. Perhaps the most important outcome (sic) is that it confirmed the importance for Australia of the US alliance. That Turnbull showed he could handle Trump should ceteris paribus also help his polling.