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Dr Alan Finkel

10
Dec
2018
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Newspoll; Chief Scientist Finkel

In yesterday’s Commentary I said that, while an early election as suggested by Terry McCrann would risk the Morrison government being portrayed as a “cut and run” attempt at winning and avoiding outstanding issues, it would have the potential to bring the Liberal party closer together and take advantage of various issues on which Morrison seems actually or potentially head of Shorten, including the now near absence of Turnbull as a policy maker. In particular, an election in March would “lock in” the likely favourable budgetary and economic forecasts in the MYEFO publication (next Monday) and prevent any significant change in the Pre-Election Economic and Fiscal Outlook (PEFO) which is made by Treasury before an election.
14
Oct
2018
0

IPCC Report

My Commentary on Friday 12 October examined the IPCC report and, inter alia, drew attention to the fact that “there have been two periods since the early 20th century when temperatures have been relatively stable despite CO2 concentration levels having increased strongly. This suggests little or no correlation between the two ie prima facie, this means that even though human activity does contribute to CO2 concentrations, they could be having only a minor effect on total temperatures”. I also pointed out that, as only a relatively small proportion of CO2 concentrations appear to stay in the atmosphere, this suggests that other factors are likely to be more causitative contributors to temperature increases. By contrast, the IPCC analysis implies that temperature increases are all due to increases in CO2 concentrations and that this conclusion is science-based.
26
Nov
2017
0

Qld Election and COAG Meeting Negatives for Turnbull

Although as this is written more than 30% of votes still need to be counted, it now looks almost certain that Labor will be returned and may even have a majority of seats. As the ABC election expert Green says,even if Premier Palaszczuk “falls a seat short, she doesn't have to do any deals. She can leave it to the Parliament to vote her out, because it would be unlikely that all the crossbench would vote against them at once. "It is a fixed-term Parliament — the Government can't just resign and walk out of office and leave someone else to form government — they can't do that, so somebody will form government. "So it is very hard to see how anyone other than Annastacia Palaszczuk can form government in the new Parliament. "They have a certain 46, and they only need one more vote and at the moment we are giving them another two seats on a prediction." (see Labor to Win in Qld Election). Note the failure of One Nation while the Kapper party may get two seats.
20
Oct
2017
0

The New Energy Policy Has No Substance

In Wednesday’s Commentary I suggested that the explanation given by an “expert” as to how Turnbull’s NEG would work, and how NEG would save $110-115 pa in costs, was incomprehensible. This expert (John Pierce) was making the explanation at Turnbull’s request to a press conference whose attendants included Frydenberg and board members of the recently established Economic Security Board (ESB), and whose role appears to be to ensure the provision of reliable power and the achievement of the emissions reduction target of 26-28% by 2030 (the text of the press conference is now attached to Wednesday’s Commentary on my web and is a “must read”). My guess is that the two ministers put together a group of “experts” as members of the ESB who are sympathetic to the need for government intervention to reduce carbon emissions.
12
Oct
2017
0

More Responses on Abbott

This morning I received a message on Tony Abbott’s London address from the President of The Science and Environmental Policy Project, Ken Haapala, in the US. It was brief but important because Ken is a scientist and an expert on climate change whose weekly messages report on the latest developments in analysing climate changes, including those theses which he judges to be “off the planet”. This message to me was a response to the full text of Abbott’s address which I sent him as an attachment to my Commentary on Tuesday 10 Oct and which I suggested to him is important “both politically and “scientifically”.
10
Oct
2017
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Abbott’s London Address & Turnbull Back-Track

My Commentary yesterday accurately predicted that the scheduled AFR Energy Summit and Abbott’s address in London would spark active discussion on energy policy, which necessarily involves environmental policy too. The address at the AFR Summit by Environment Minister Frydenberg indicates that the Turnbull government seems to have made a start at determining what its policy will be, although even after the many statements that “it’s coming” it seems it will not be finalised until the end of the year.
9
Oct
2017
0

Newspoll Shows Coalition Stuck on Low Rating

The (normally) two weekly Newspoll on 25 September showed the Coalition’s TPP had fallen by 1 percentage point to 46/54. Today’s Newspoll is a quarterly one that shows the TPP at 47/53 but this is the same as the previous two quarterly ones and, while Turnbull’s performance improved from 33 to 35 “satisfied”, Shorten’s “satisfied” also improved (from 32 to 34). Turnbull’s rating as PM fell fractionally to 43 (from 44) while Shorten’s stayed at 32.
22
Sep
2017
0

Energy Policy is Getting Nowhere at All

Today’s Australian runs a front page story saying that “Australian households are paying 60 per cent more for their power than those in the US and double their Canadian counterparts”. But while Minister Frydenberg acknowledges that our power cost is “still too high”, he claims that most of the price hike occurred under Labor and that the Turnbull government is “taking unprecedented action to reduce pressure on …household bills “(see “Electricity Bills”). Short of subsidising electricity it is difficult however to envisage significant falls. Frydenberg has dug himself so deeply in the Turnbull camp that is difficult to see how he can get out. Readers of my Commentaries will be aware of the widespread scepticism about the various policy changes first being considered by Turnbull and then dropped or put on one side. As to falls in electricity bills, Frydenberg’s attempt to shift the blame on to Labor seemingly overlooks the recent large increases imposed by my retail supplier AGL and doubtless other similarly large retailers too.
15
Sep
2017
0

Our Power Bills

Today’s Australian says that the Renewable Energy Target (RET) of 23.5% by 2020 will not be changed as part of what is described as Turnbull’s overhaul of energy policy (see Renewable Energy Target). That target was reduced by Abbott when he was PM and the recent National Party Conference voted to “repudiate the central finding of the Finkel review for a clean energy target and eliminate subsidies for renewable to maximise the difference with Labor over surging power bills”, and hence to reject the Finkel proposed clean energy target of 42% of renewable energy by 2030. However, it appears that the halt to increasing the RET mainly reflects the mounting cost of the subsidies, which ran to a remarkable $2 billion just last year and which may already have reached the point where a continuation of the scheme would exceed the RET target without any new investment. There is a reference in today’s report to the likelihood of allowing more subsidies to those whose projects have not been completed. In other words the taxpayer is handing out money to a badly constructed scheme, not to mention the bad decision to have one at all before properly reviewing the basic need for it.