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    Carbon challenge

    News and analysis on the obstacles and opportunities in the transition to a net-zero economy.

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    Can Australia become a green energy superpower? Five charts that say yes

    The Albanese government is taking a big punt on its signature Future Made in Australia policy, betting $24.3 billion over 10 years in Tuesday’s budget – these charts show why.

    • Ronald Mizen
    Michael Myer, chairman of Sunshine Hydro, at site of its proposed Djandori 300 MW green hydrogen project south of Gladstone, Qld.

    Hydrogen credit could blow its $6.7b budget

    Sunshine Hydro chairman Michael Myer says international investment could mean the cost of the budget measure blows out, but is still worth the benefits.

    • Ben Potter
    Brian Craighead, founder of Energy Renaissance, says the $523 million budget “battery breakthrough” funding can help Australia’s only lithium ion battery maker expoand sufficiently to underwrite a massive expansion in critical minerals. Photo: Louie Douvis

    The game changer on battery-making is still to come

    The founder of Australia’s only lithium-ion battery-maker says a $523 million budget boost will help underwrite a boom in critical minerals.

    • Ben Potter

    Beef giant’s earnings dip but CEO says there’s ‘strong demand’

    The beef giant saw a drop in profits as rivals pushed more meat onto the market and costs rose.

    • Updated
    • Liam Walsh

    ‘Back in the game’: Hydrogen sector celebrates from afar

    Almost 50 Australian companies were in Rotterdam for the World Hydrogen Summit. When news of the budget bonanza came through, the reaction was ecstatic.

    • Updated
    • Hans van Leeuwen
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    This Month

    The Australian Renewable Energy Agency is a big winner from the federal budget.

    Arena to receive $5.1b to back renewable energy

    A big winner is the Australian Renewable Energy Agency, a body threatened with abolition a decade ago.

    • Ben Potter

    Chalmers’ latest effort basks in a green glow

    Sit back and behold Jim Chalmers’ big green Australian budget. But making forecasts is easy, and will voters buy the story?

    • Andrew Clark
    Andrew Forrest in Davos earlier this near. The Fortescue executive chairman has been a critic of Woodside Energy in the past, but is on the same page when it comes to tax credit issues in the US.

    Fortescue, Woodside find common ground on green hydrogen

    Andrew Forrest has been one of the oil and gas giant’s biggest critics. The two are on the same page about US tax credits issues holding up renewable projects.

    • Brad Thompson
    Origin Energy CEO Frank Calabria and Octopus Energy CEO Greg Jackson at Octopus’s London HQ.

    What was Origin Energy boss Frank Calabria really doing in London?

    He flew halfway round the world to hold a strategy day for UK upstart Octopus Energy. The message for Origin shareholders and analysts: take another look.

    • Hans van Leeuwen
    A tanker arrives in Darwin Harbour to deliver an LNG cargo to Inpex’s Ichthys LNG export project.

    Trade partners applaud gas certainty; trouble brews for Labor at home

    Gas, not wishful thinking, is needed to get to net zero, says Anthony Albanese.

    • Updated
    • Phillip Coorey, Andrew Tillett and Jessica Sier
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    International Energy Agency executive director Fatih Birol.

    The world’s wiliest climate warrior? It’s not who you think

    International Energy Agency boss Fatih Birol, a lifelong bureaucrat with roots in the oil industry, has made the net zero transition a personal mission.

    • Hans van Leeuwen
    International Energy Agency executive director Fatih Birol.

    Australia doesn’t need nukes: International Energy Agency boss

    Global energy tsar Fatih Birol says Australia should play to its strengths in renewables, and there should be less emotion and politics in energy discussions.

    • Hans van Leeuwen
    Exploratory gas well on Tanumburini Station which is part of a gas exploration and production process in the Beetaloo Basin in the Northern Territory.

    ANZ hardens policy against bankrolling oil and gas projects

    The bank says it will “no longer provide direct financing to new or expansion upstream” projects, practically ruling out lending to the largest proposals.

    • Ben Potter
    The French government wants to tax motorways like France’s Autoroutes Paris-Rhin-Rhône

    Atlas Arteria’s ‘back-up plan’ to fight French taxes

    The tollroad group is cutting costs and jobs as it tries to keep dividends at current levels, chief executive Graeme Bevans says.

    • Jenny Wiggins
    AGL chief Damien Nicks.

    CEO hails progress as AGL ups guidance again

    The energy giant backed by software billionaire Mike Cannon-Brookes bumped the lower bound of its full-year guidance up by $80 million.

    • Updated
    • Ben Potter and Jemima Whyte
    HMC Capital’s David Di Pilla and former prime minister Julia Gillard have teamed up to launch a $2 billion Energy Transition Fund.

    ‘True energy impact’: Di Pilla defies gloom, appoints Gillard to $2b fund

    The ASX-listed HMC Capital is banking on plenty of investor interest to defy a gloomy market outlook on the transition to clean energy for its latest vehicle.

    • Ben Potter
    Isuzu’s D-Max ute.

    What Charles Dickens can teach you about utes

    The English author mapped out the lobbying tactics of the legacy car makers against vehicle emissions standards 170 years ago.

    • Tristan Edis
    Charles Rattray, chief executive of Southerly Ten, which has won two feasibility licences for offshore wind developments in Gippsland waters.

    Offshore Gippsland licences to unlock $100b of generation

    The winners of a dozen offshore wind licences are preparing for offtake auctions that seek to harness world-class resources.

    • Ben Potter

    Why AGL’s staff are happier after a major plant closure

    AGL will use the Liddell decommissioning as a blueprint for plant shutdowns, after it managed to move 100 per cent of workers into new roles.

    • Agnes King

    April

    “With current supplies of gas dwindling, new supply will be needed – even as we electrify at pace,” said Mr Bowen, pictured with Victorian Energy Minister Lily D’Ambrosio.

    New gas supplies ‘needed’ says Bowen as Gippsland wind takes off

    Energy Minister Chris Bowen believes Australia has no option but to seek new supplies of gas even as he green-lights six potential offshore Gippsland wind projects.

    • Jacob Greber
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    Kean questions need for Eraring bailout

    It will be the “NSW government”, not the renewables sector, that faces the music if sluggish wind, solar and transmission rollout leads to blackouts.

    • Updated
    • Jacob Greber
    Former ACT Labor deputy chief minister and current CEO of the Clean Energy Investor Group Simon Corbell will chair Victoria’s SEC.

    Former Labor leader to chair Victoria’s SEC

    Simon Corbell, a former ACT deputy chief minister, will chair Victoria’s revised State Electricity Commission, after its advisory board was disbanded.

    • Ben Potter and Patrick Durkin
    Superpower Institute chairman Rod Sims and founder and energy entrepreneur Ross Garnaut.

    Coal mine methane twice official disclosures: Sims

    Australia’s open cut coal mines could be emitting twice as much methane as official disclosures suggest, casting doubt on national carbon emissions data.

    • Ben Potter
    Dexus head of industrial Chris Mackenzie at a new warehouse project in Truganina, Melbourne

    Batteries to power up warehouse pipeline as big as 40 MCGs

    Dexus’ program to install batteries in all its new warehouses will cut its tenants’ energy bills by almost $100,000 a year and reduce their carbon emissions.

    • Larry Schlesinger
    Sequoia Lewien holds a mycorrhizal fungi extracted from soils in the east Otway region of Victoria.

    Why Mike Cannon-Brookes invested in this mushroom

    A tree-planting boom is required to get the world to net-zero, and the billionaire is betting mushrooms and fungi will be a crucial enabler

    • Peter Ker and Lap Phan