Australia needs to develop processing capabilities that would hedge against China’s dominant position over minerals crucial to clean energy and defence technologies, the resources minister, Madeleine King, said on Thursday. Speaking to a Darwin audience that included key allies and trading partners, King said the concentration of the critical minerals market in China posed a strategic challenge to Australia. “Working together, like-minded partners can build new, diverse, resilient and sustainable supply chains as part of a global hedge against concentration,” King said at an event organised by the Australian Strategic…
Tag: Energy
Australia news live: Victorian energy prices to jump almost a third as Bowen calls on Coalition to ‘look in the mirror’
From 1h ago Chris Bowen throws back to Coalition on energy price rises The energy minister is borrowing a turn of phrase out of Julia Gillard’s misogyny speech when asked about the Coalition’s suggestion that capping coal and gas prices will, in the longer run, increase prices. Chris Bowen: I invite the Coalition to have a look in the mirror. I mean, he had the independent energy regulator this morning pointing out that without the intervention, the price rises would have been closer to 50%. An intervention that Mr Dutton…
Confusion surrounds China’s energy policies as GDP and climate goals clash
China’s energy policies are fast creating a type of “emissions ambiguity”, as the twin goals of boosting GDP growth and reducing carbon emissions come into conflict. The uncertainty is whether and when the world’s biggest carbon emitter will start to curb greenhouse gas pollution. The release of the country’s annual statistics communique on Tuesday did not clear things up. As Lauri Myllyvirta, an analyst at Centre for Research on Energy and Clean Air, noted this month, China’s carbon emissions may have risen 1% or fallen by that amount in 2022.…
China approves biggest expansion in new coal power plants since 2015, report finds
China approved the construction of another 106 gigawatts of coal-fired power capacity last year, four times higher than a year earlier and the highest since 2015, research shows. Over the year, 50GW of coal power capacity went into construction across the country – up by more than half compared with the previous year – driven by energy security considerations, the Centre for Research on Energy and Clean Air (CREA) and Global Energy Monitor (GEM) said on Monday. “The speed at which projects progressed through permitting to construction in 2022 was…
Australia news live: treasurers to discuss cost-of-living crisis, no Chinese spy balloons over Australia, defence says
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Australia’s credibility on human rights blighted by laws targeting climate protesters and jailing children, report says
The detention of children under 14 and new laws targeting climate protesters are harming Australia’s credibility to stand up for human rights in the region, a leading rights body has warned. Human Rights Watch called on Australia to address its own “alarming deficiencies” when the organisation on Thursday published its annual reports on the performance of nearly 100 countries. It specifically raised alarm about New South Wales, Victoria and Tasmania introducing “new laws targeting peaceful climate and environmental protesters with disproportionate punishments and excessive bail conditions”. The organisation took aim…
Australian coal industry says China market matters less than before, even if import ban ends
Australia would benefit from a lifting of China’s ban on its coal but any gains would likely be modest as miners have largely redirected supplies elsewhere, analysts said. Shares of ASX-listed coalminers shot up on Wednesday after reports China was considering lifting its restrictions on coal imports from Australia from April. The ban was imposed in mid-2020 amid deteriorating bilateral relations that have since begun to improve. Investors pared back their expectations of a significant boon for exporters on Thursday. Whitehaven Coal shares were down almost 2.5% in early afternoon…
The world in 2023: what our writers say you should watch out for
A near-inevitable global recession sparked by a lengthening war in Europe’s frozen east; an energy crisis coupled with soaring inflation; Covid-19 finally running rampant in China – predictions for 2023 are grim. Still, there are reasons to be hopeful. That same energy crisis has spurred an unprecedented demand for renewables, which are expected to boom, while in Brazil, a new president has sworn to protect the Amazon. Repressive regimes, meanwhile, will be nervously looking at Iran, where hardline clerics are locked in a struggle with a formidable pro-democracy uprising that…
Australia news live: Penny Wong heads to China; South Australia braces for largest flood in 50 years
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Australia news live: body found in search for missing teen; 26 January citizenship ceremonies no longer mandated for local councils
From 2h ago Immigration minister scraps rule forcing local councils to hold citizenship ceremonies on Australia Day Local councils will no longer be forced to hold citizenship ceremonies on Australia Day, after Labor has reversed a Morrison government ruling. SBS’s Finn McHugh reports: Rules introduced in 2019 under then-prime minister Scott Morrison forced local governments to hold citizenship ceremonies on 26 January or be stripped of their right to conduct them. Mr Morrison at the time said compelling local councils to do so would stop them from “playing politics with…