Tag

Josh Frydenberg

15
Sep
2017

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.
13
Aug
2017

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.
16
Jul
2017

Why No Clean Energy Target?

Why was Environment Minister Frydenberg unable to tell his equivalent ministers from the States what Clean Energy Target (CET) the Commonwealth government proposes? According to his comments made just before his meeting with State ministers on 14 July: “There will be discussion about the clean energy target, but ... we received the report just five weeks ago,” Mr Frydenberg said. “We need to get this right. Dr Finkel made it very clear that the clean energy target, if it would be implemented would be from 2020, so there is no rush. What is important is to get the policy right” (see Frydenberg on CET).
13
Jul
2017

Some Puzzles About Energy & Climate Policies AND Turnbull

Today’s Australian reports that, at tomorrow’s meeting with his state counterparts, Energy Minister Josh Frydenberg will “press his state and territory counterparts to agree to 49 of the 50 recommendations contained in the blueprint for reform handed down by Chief Scientist Alan Finkel last month, arguing that they will inject ‘stability and security’ into the market”. He will also “demand that Victoria and the Northern Territory lift their bans on onshore gas development. However “the meeting will not consider the proposed Clean Energy Target (CET), which is a priority for some states and many in industry, because of Coalition divisions over the policy” (see Finkel Not on Agenda for Meeting with States).
11
Jul
2017

Energy & Climate Policy AND Turnbull

Yesterday Environment Minister Frydenberg had a lead article published in The Australian in which he argued that “in order to create a more affordable and stable energy system, the states need to lift their game — business as usual is not an option” (see Frydenberg on States Energy Policies). I submitted a letter arguing that “the same comment might be made about the Commonwealth’s policy game”, but it was not published.
29
Jun
2017

Turnbull or The Liberal Party

My Commentary on Tuesday 27 June noted that, in an address to an IPA function that day, Tony Abbott postulated that “the next election won’t be won by drawing closer to Labor. The next election can only be won by drawing up new battlelines that give our people something to fight for; and the public something to hope for”. I said that his main themes relate to Energy Policy (a freeze on the renewable target at the existing 15% and the construction of a “big” coal-fired power station); a referendum to change the Senate; a slow-down in Immigration; a repair of the Budget through getting spending under control; and tougher measures on terrorism, incl the banning of Hizb ut-Tahri. The text of the speech and a summary of his election agenda are in the attached Abbott’s Plan for Next Election.
25
Jun
2017

How Much Longer Can Turnbull Last?

The end of the Parliamentary session (it resumes in 6 weeks) has produced various comments about its performance, including Turnbull’s claim that it showed that the Coalition is governing. He referred in particular the $6bn bank tax, gas export restrictions, the avoidance of Aboriginal Title restrictions on the $21bn Adani coal mine in Queensland, and the much publicised new arrangements for schools. The Weekend Australian observes critically that “the Prime Minister has won this victory only by adopting what even he argues is a purer version of Labor’s Gonski plan and by promising tens of billions of dollars that are yet to be raised and which, on the available evidence, will not necessarily boost education outcomes”.
20
Jun
2017

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
18
Jun
2017

Bolt on Turnbull, Important New Rebutalls of Climate Policy, AFR Off-Track

Next week is the last for Parliament before it takes a month’s break. Turnbull will be trying to divert attention away from “difficult” issues, such as the Finkel Blueprint, Turnbull’s attack on Trump during a speech at the Winter ball, and the publication of a book in which the author claims that Turnbull told him he joined the Liberals only because Labor wouldn’t have him(see attached Bolt on Turnbull & Finkel).
18
Mar
2017

No Energy Crisis Exists

Has Turnbull found a policy to stop his and the Coalition’s decline in polling? Many commentators have certainly reacted favourably to his latest initiatives on energy policy and his claim that we are confronted by an energy “crisis”. But this is little more than a political ploy designed to retain his leadership. The whole exercise adds to concern over that.