Developing the abundant natural gas resources discovered offshore Israel is a complicated endeavor that involves considerable geopolitical diplomacy in addition to the traditional commercial details that must be worked out when building multi-billion dollar energy projects. “Natural gas is both a geopolitical tool and a target in Israel, where a newfound bonanza of resources has… Keep reading →
Australia
Energy News Roundup: Peacebuilding with Israeli Gas, Green Bond Growth and LNG Project Economics Sour Amid Oil Price Drop
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We will never sell or share your information without your consent. See our privacy policy.Emissions Reduction Fund Passed by Australian Parliament
By Jenny Mee, Renee Thomlinson | K&L Gates LLPOn 24 November 2014 the Australian Parliament passed the Carbon Farming Initiative Amendment Bill 2014 (Bill) which puts in place the Emissions Reduction Fund (ERF). The ERF is the cornerstone of the Australian Government’s Direct Action Plan climate change policy for the reduction of greenhouse gas emissions. It will provide AUD2.55 billion in financial incentives over four years for companies to voluntarily reduce emissions. The Government says its Direct Action Plan climate change policy will mean that Australia will meet the five percent emissions reduction target by 2020.
Energy News Round Up: Australian Renewable Investment Stalling, Oil Prices Rise and E.U.-Russia Gas Deal Reached
By Breaking Defense (pha)A new report by the Climate Council reports that new investment in renewable energy in Australia has dropped by 70%. “In the last five years most countries around the world had accelerated action on climate change, with China and the United States two of the global leaders on the issue, the report, Lagging Behind: Australia… Keep reading →
Cooperation Or Competition: Australia And The U.S. Come To a Crossroads On Natural Gas Exports
By RANDA FAHMY HUDOME & ERIC LEBSON | LEVICK ENERGYRecently, Australian state and federal officials, industry leaders, and international experts convened in Sydney at the third annual Eastern Australian Energy Markets Outlook conference to assess the prospects for the energy supply chain in Australia vis-à-vis their international competitors, including the United States. As long-time military allies and economic partners that share a strong diplomatic… Keep reading →
Energy News Roundup: Egypt Expands Renewables, Statoil Delays Oil Sands Project and Australian Gas Prices Soar
By Jared AndersonThe Egyptian government wants the country to receive 20% of its power from renewable energy sources by 2020 and will auction 2GW of wind power capacity and 2GW of solar capacity next month to advance that goal. The country desperately needs to bolster its power generation capacity so it will also seek bids for 4… Keep reading →
On June 23, the new Australian Government lead by Prime Minister Tony Abbott reintroduced a package of bills to repeal the Australian carbon tax. Dismantling the predecessor government’s carbon laws – including the Climate Change Authority and the mining tax – is regarded a top priority by PM Abbott and, therefore, has been placed on… Keep reading →
Energy News Roundup: ‘Social Cost of Carbon’ Blocks Coal Mine and Asian LNG Market Could Face Saturation
By Jared AndersonA Colorado federal judge ruled that regulators failed to consider the “social cost of carbon” associated with a coal development project proposed by Arch Coal. The project’s future economic benefits were estimated as part of the project review process, but failing to estimate potential negative environmental impacts caused from burning coal left the reviewers remiss… Keep reading →
Energy News Roundup: Wind Farm Eagle Kill Lawsuit, Floating LNG Project Cancelled & Russia Funding Anti-Fracking Groups
By Jared AndersonThe American Bird Conservancy is suing the Obama Administration over a rule that would allow wind farm operators to kill a certain number of federally protected eagles for a period of 30 years without threat of prosecution. The group says the rule is illegal because the US Fish & Wildlife Service never had an opportunity… Keep reading →
Opinion: EPA Acknowledges CCS Potential but Fails to Create Right Investment Incentives
By Roman KilisekIn general, when discussing global progress on climate change the ideas often floated with respect to the structure of regulating carbon emissions from fossil fuel-fired power generation have two starting points: They either propose a carbon tax on emissions (e.g. Australia before July 1, 2014) – meaning that a price is basically set for the… Keep reading →
Editorial: Australian-Japanese Coal ‘Partnership’ and Why Global Coal is Here to Stay
By Roman KilisekRecently, the Australian Prime Minister Tony Abbott warned at the opening of the Caval Ridge coal mine in Queensland against the “demonization of coal.” According to the Sydney Morning Herald, PM Abbott stressed that “coal is good for humanity, coal is good for prosperity, coal is an essential part of our economic future, here in… Keep reading →