Olivia Coldrey

A recent article on ABC Online discusses the challenges facing Australia's clean energy transition, particularly in wind energy development. Despite ambitious targets to significantly increase renewable energy use by 2030, only three wind farms were connected to the grid last year. The main bottleneck is the lengthy approval process for wind and solar projects, with wind projects in New South Wales (NSW) taking an average of 9.5 years to get approved. This slow pace is attributed to a variety of factors, including complex energy policies, transmission network congestion, community opposition, and bureaucratic delays at both state and federal levels. The article suggests that streamlining the approval process and treating renewable energy infrastructure as critical could help accelerate the transition. The HSF-CEIG report, which the ABC article draws upon, discusses the challenges and opportunities in NSW's clean energy transition, focusing on regulatory frameworks, project approval times, and stakeholder engagement. For Landcare NSW, aiming to ensure equitable treatment for landholders during this transition, key takeaways include the importance of streamlined approval processes, effective community engagement to build social license, and clear compensation frameworks for landholders hosting or affected by renewable energy projects. The report suggests that establishing robust consultation frameworks and clear guidelines for land and transmission aspects can aid in addressing landholder concerns, ensuring fair treatment and fostering positive relationships between developers and local communities. https://ab.co/49XD3Vu Clean Energy Council NSW Government NSW Department of Climate Change, Energy, the Environment and Water Penny Sharpe MLC

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South Africa should look to successful strategies from regions like South Australia and California to accelerate the adoption of grid batteries. According to a new report by the International Institute for Sustainable Development (IISD), integrating these strategies could enhance grid stability and provide the flexibility needed to support variable renewable energy generation... Read here: https://lnkd.in/dAgPVT4p #RenewableEnergy #Power #Sustainable

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Australian Sustainable Finance Institute released the first draft of its technical screening criteria for a national sustainable finance taxonomy today. The draft covers three sectors - energy, built environment and mining, metals and minerals. At first glance, it is most welcome that the taxonomy takes a stance on: - CCS: "electricity generation via abated fossil fuels is currently out of scope as an activity in the transition methodology due to the low technological readiness level of carbon capture and storage."   - Nuclear energy: "Given the legal context, there is no case to include nuclear power generation in the taxonomy at this point in time." - Gas firming: "gas firming is not [currently] in scope at an activity level" I'll be engaging with the market in coming weeks to identify and collate stakeholder feedback regarding the credibility and usability of this taxonomy. If you would like to share your thoughts/concerns and learn from what others are saying, please drop me a DM. This public consultation process will run until 9:00pm Sunday 30 June 2024 (AEST). https://lnkd.in/gtewdX8V Investor Group on Climate Change (IGCC) Responsible Investment Association Australasia (RIAA) Australian Council of Superannuation Investors

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New transmission to connect additional + unconstrained renewable generators will take 8-10 years. Needed to avoid Zombies is the whole-of-system fundamentals. The capacity investment scheme, as noted in the story, has decent guardrails to ensure project viability and promote progression – such as hitting milestones or lose bonds. Our key to meeting targets and Zombie avoidance is: project capability for additional + unconstrained new energy. And we see this taking three processes: 1.     Assessing availability of surplus capacity in existing lines and ranking proponents 2.     Batch processing 3.     Promoting accelerated development within REZs Capacity investment needs to be investment in unconstrained capacity, nor capacity causing constraints. Department of Climate Change, Energy, the Environment and Water https://lnkd.in/gfae8iTv

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As New Zealand electrifies, more grid-scale batteries will maximise the benefits of renewable energy and provide extra resilience during times of tight electricity supply.   You can learn about how grid-scale batteries work and how the Electricity Authority is unlocking the potential for batteries to contribute to security of supply in our latest ‘Eye on electricity’ explainer: https://lnkd.in/gWEQnvhF   #renewableenergy #securityofsupply #electricityindustry

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🌍💡 Big Moves in Renewable Energy Down Under! 🌞🌬️ This May, Australia is set to host its largest ever #wind and #solar auction, aiming to bolster its #energy portfolio with an additional 6 gigawatts from #renewables, focusing majorly on coal-heavy NSW. This groundbreaking auction aligns with the expanded Capacity Investment Scheme (CIS), set to contract 23 GW of renewables by 2027 to achieve a bold 82% renewable energy target. 🎯 Why is this important? 🤔 As NSW phases out #coal, the need for #sustainable and reliable #energy sources skyrockets. This auction promises to accelerate the #cleanenergy transition and shift #financial burdens from state to federal taxpayers, ensuring lower costs and enhanced consumer reliability. 🔗 A Balanced Energy Transition: As Australia prepares for its largest renewable energy auction, it is vital to assess the infrastructure’s readiness for this shift. Efficient integration of new energy sources and strategic investments are crucial for this agenda's successful and sustainable transition. #RenewableEnergy #Sustainability #CleanTech #Australia

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The "single biggest challenge for delivering renewable energy projects" in Australia are assessments under the Environment Protection and Biodiversity Conservation Act according to a new report from the Clean Energy Investor Group and law firm Herbert Smith Freehills The report coincides with a decision to decline a developer who had planned to clear more than 500 hectares of native vegetation next to the Wet Tropics of Queensland World Heritage Area. I disagree with the report, you can't solve climate change by destroying nature. I understand the desire to build projects on uncleared land stems from not wanting to upset local communities or farmers but it is not the solution. The same ludicrous transmission costs will still need to be applied to the projects resulting in much higher cost of electricity. Why aren’t we focusing on putting generation, storage and usage in the same location as much as possible? There are millions of commercial and industrial properties throughout Australia that use significant amounts of energy but don’t have rooftop solar and batteries. Probably the smartest place to start the green transition 😉 Monday morning rant over 😂 #renewableenergy #energy #solar #bess #battery #energystorage #solarpower #sustainability

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The latest Quarterly Carbon Market Report (QCMR) explores the state of renewable energy in Australia. In 2023, a total of 5.3 gigawatts (GW) of renewable capacity was added under the schemes we administer. It was the 6th year in a row where more than 5 GW of total capacity was added. This growth is likely to continue with 6.5 GW of large-scale capacity under construction at the end of 2023. Read more in our QCMR 👉 https://bit.ly/4aEWa7m #QuarterlyCarbonMarketReport #QCMR #AustralianCarbonMarket #CarbonMarket #Renewables #Solar #EmissionsReduction

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I was sent the Carbon Brief Fossil Fuel % of the UK electricity trends down to 2.4% (chart insert) and created a reflective chart for both the Australian NEM and Queensland NEM (South Australia NEM in the reply). The percentage (%) axis reflects 1x t-CO2e/MWh = 100%. All economic indications for #GreenHydgorgen is that Australia energy sector needs to resolve the following to produce the CSIRO $2/kg-H2 price: 1) Carbon intensity of the NEM 2) Electricity delivered pricing (including transmission costs) 3) Development and construction costs for hydrogen facilities 1) Is the easy part, the priority is decarbonising the NEM - come back in 2040 for Green Hydrogen 2) and 3) revisit in 2035.

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Good news: China's thermal power generation fell 4% in May, with solar&wind covering most demand growth and hydro generation recovering towards pre-drought levels. Total oil supply fell again and cement output continued to fall. Almost certainly means CO2 emissions fell. I said back in November that China's CO2 emissions would fall this year, starting from March, thanks to the record clean energy additions in 2023. So far things are going to script. https://lnkd.in/dCTJfDmh Solar cell production, an indicator of new solar panel installations in China and abroad, also continued to grow in May, albeit at a slowing rate of 15% year-on-year. This indicates that we can expect strong growth in solar capacity to continue at least in the short term. Electric vehicle production had another strong month, growing 34% on year and approaching a 40% share of all vehicles produced, as total vehicle output numbers saw no growth. Despite strong growth in the clean energy sectors, overall GDP growth slowed, and China's leadership is focused on speeding up growth. In the past, this has meant stimulating energy-intensive industries but a different approach is finally being considered. https://lnkd.in/dVb7r3HV The economic headwinds make the clean energy sectors even more indispensable as a source of economic growth and are therefore likely to boost clean energy growth.

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Grid capacity is the new gold   Australia isn’t the only country looking to boost its electricity networks as it targets #netzero.   Cipher News senior science and economics correspondent Cat Clifford takes a closer look at some potential improvements that could support growing electricity demand in the United States.   Grid enhancing technologies, upgrading existing transmission lines and the need for more flexibility are discussed as ways of boosting capacity.   https://lnkd.in/d9Ec92sV

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AUSTRALIAN ENERGY REGULATOR (AER) UPDATE: BALANCING AFFORDABILITY WITH A RENEWABLE FUTURE https://lnkd.in/gvWgihgr The AER's final revenue decisions for electricity networks aim to balance keeping costs down for consumers and supporting the grid's transition to clean energy. This is great news for both households and businesses looking to invest in solar and battery storage! Kent AV Energy is at the forefront of developing large-scale solar farms that contribute to a cleaner energy future for Australia. We partner with businesses and organizations seeking to invest in renewable energy solutions. Learn more about how we can help: https://lnkd.in/gi77DR6A #AustralianEnergy #RenewableEnergy #SolarPower #KentAVEnergy #AustralianEnergyRegulator #AER #AEMO #NEM

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#ClimateAction #CollectiveImpact I'm a Shell shareholder. Why? 👉 To have a vote and support driving change from within. How? 👉 Some years ago I bought one Shell share via Follow This | Shareholders change the world. They represent my interests at shareholder meetings. Many others did the same and nearly a fifth of the votes (18.6%) backed a resolution from Follow This, which called on the board to align decarbonisation targets with the goals of the Paris Agreement. How it works? 👉 Explained by Follow This: 'Follow This is a group of responsible shareholders in oil and gas companies. We support big oil to take leadership in the energy transition to a net-zero-emission energy system. We therefore organise shareholder support for climate resolutions, calling oil companies for change and align its targets with the Paris Climate Agreement. You can support our mission by buying a share in big oil *. With your payment, you become a member of the Follow This association. Follow This purchases a share at today’s share price (displayed), along with a one-time contribution of 5 euros. There is no further financial obligation.' * Shell, TotalEnergies, BP, Chevron, Exxonmobile https://lnkd.in/eyqGg8YR #ClimateCrisis #PlasticCrisis (👯‍♀️) Shell's facilities across the globe pollute and aggravate climate change.

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Nuclear power makes no sense in Australia. We don’t have an established nuclear power industry and we have the world’s best combination of renewable energy resources in the world. That’s why nuclear power would take 20 years and be 6 times more expensive in Australia. This isn’t an ideological or political statement, it’s just reality.

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Friends, Australian Renewable Energy Agency (ARENA) supports the companies and institutions involved in building future energy systems for Australia. ARENA's four priority areas: Priority 1. Optimise the transition to renewable electricity Priority 2. Commercialise renewable hydrogen Priority 3. Support the transition to low-emissions metals Priority 4. Decarbonise transport ARENA's Current Funding Opportunities: https://lnkd.in/dMhsBcaj ARENA Ongoing Projects Opportunities: https://lnkd.in/dMsYA2pc The question is how do you meet and build partnerships and secure new business for your company in Solar, Energy Storage, Electric Vehicles, Hydrogen, Hydro Power, Decarbonisation Mining, and the Metal sector in Australia? Answer is All Energy Australia, the largest clean energy event scheduled to take place from 23-24 Oct 24, in Melbourne, Australia. 11500+ Unique Buyers/Visitors from 25+ Countries and 400+ Exhibitors from 19+ Countries. Connect with me to learn more about participation opportunities for global Indian brands in Solar, Energy Storage, Hydrogen, Electric Vehicles, Decarbonisation, Energy Efficiency and more at Australia https://lnkd.in/ddYQzFia

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There is a new entry on the Emissions First Partnership guest blog that I encourage you to read. It's from Flexidao and outlines their latest research paper on the impact of market boundaries on corporate renewable energy procurement. The blog outlines the findings of the paper, which "estimated a significant trend of trapped renewable energy capacity in these countries [Singapore, India, South Korea and Japan], e.g. potential renewable energy (RE) that could have been procured by corporate energy buyers yet was not due to different barriers in the RE market. If unlocked, this trapped capacity could lead to a potential increase in generation of 76.5 TWh per year and avoid 35 Mt CO2e annually ending up in the atmosphere." This line from the blog gets to why this is so important. "These market boundary guidelines may not sufficiently consider the time value of carbon, for which, in light of urgency in meeting the Paris Agreement’s Goals by 2050, decarbonizing today has more value than decarbonizing later." Thanks to Giacomo Bravaccini and Simone Accornero for the great work. Along with Faraz Ahmad, Brent Morgan, Chad Reed, Holly Lahd, Hannah Hunt and many more. #renewables; #greenhousegasprotocol; #carbon https://lnkd.in/e72Wdc5r

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