Mike Cannon-Brookes made his money in software with Atlassian, and has big renewable energy aspirations with the SunCable project. But easy funding is proving elusive.
A Commonwealth review of three major policies that regulate the east coast gas market will consider any impact to Australia’s reputation as an investment destination while leaving the door open to unspecified government “initiatives” to boost domestic supply.
The World Bank is lifting its decades-long ban on financing nuclear energy, in a policy shift aimed at accelerating development of the low-emissions technology to meet surging electricity demand in the developing world.
Britain’s Labour government has agreed to take a £17.8bn ($36.9bn) stake in building a nuclear power plant as fears rise that the country’s rush to build wind and solar farms is leaving the grid vulnerable to outages.
The initial cost of producing green hydrogen from Australia’s two largest projects will be more than four times the price of rival energy sources, posing a fresh setback for Labor’s bid to deliver a major new export industry by 2030 and meet net-zero goals.
The Energy Department is canceling some $3.7 billion in government support for clean energy projects it said did not warrant continued backing from the Trump administration.
Jim Chalmers’ hopes of a recovery in the business sector have been dealt a blow after private investment recorded its biggest annual contraction since 2020, in a shock to economists.
Australia must cut the “red and green tape” around gas projects and allow more exploratory drilling to secure the nation’s energy and exports, a conference has been told, despite an election result endorsing a move to renewable energy.
Electricity prices are set to rise by between 1-9pc, the energy regulator says, with NSW worst hit. Mark Butler is adamant there will be no taxpayer-funded bailout for the collapsed private hospitals operator owned by an overseas private equity firm.