Hello dear readers!
The week's first article highlights that Australia will experience more extreme weather events in spring and summer. In the second article, humans are responsible for the majority of methane emissions. A global methane pledge aims to reduce methane emissions. The third article talks about home batteries reducing the need to invest in the grid. Government incentives could encourage the uptake of batteries. Finally, the Government has established a new annual target of at least 15 million tonnes of “renewable hydrogen” by 2050. Take a look at this week's video where Tasmania's environment is under threat from a number of challenges.
Hope you enjoy this week’s EP and have a lovely weekend.
Tim Hanigan
Economist Australia
The Latest Trending Economic News Curated for You by Balmoral Group Australia
Get set for more extreme weather across Australia this spring and summer
Australia is no stranger to extreme weather. From heatwaves and droughts to flooding rains, hailstorms or fire weather, our continent experiences it all. Read more here.
Can we really reach net zero by 2050? A new report maps out Australia’s path in more detail than ever before
The goal of the 2021 Global Methane Pledge is bold: cut methane emissions by 30% by the end of the decade. This is to buy us vital time to work on cutting carbon dioxide emissions. Read more here.
With a million home batteries, we could build far fewer power lines. We just need the right incentives
It’s no secret Australia has abundant and cheap renewable energy, especially wind and solar power. But yes, there are times when the sun doesn’t shine and the wind doesn’t blow. We need energy storage to get us through those still nights and dreary days. Read more.
Labor’s new ‘renewable hydrogen’ targets aim for Australia to produce 15m tonnes by 2050
The Albanese government has set annual targets of at least 15m tonnes of “renewable hydrogen” by 2050 and dismissed critics who had “gloated” about setbacks to the nascent industry. Read more.
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