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Pages tagged "Energy"

$500m electric vehicle package jump-starts the road transport transition in NSW

The NSW Government’s almost $500 million package to accelerate the uptake of electric vehicles [1] is the beginning of the end of the internal combustion engine’s 120-year monopoly on road transportation in NSW. [2] 

“This is an historic and very welcome package from a government that has significantly increased its commitment to climate action over the past few years,” Nature Conservation Council Chief Executive Chris Gambian said.  

“It will not only reduce the climate impact of road transportation, it will reduce the health impact that cars have on people by improving air quality across our congested cities. 

“I commend the Premier and all the ministers who have made this possible, including Treasurer Dominic Perrottet, Transport Minister Andrew Constance, Deputy Premier and Regional NSW Minister John Barilaro, and Environment Minister Matt Kean.” 

The package includes: 

  • Cash rebates and stamp duty exemptions on purchases of new EVs;  
  • Targets for a converting the government fleet;  
  • Cash incentives for companies to install charging station across the state;  
  • Transit lane access for peak-hour EV commuters; and 
  • Postponing an EV road user charge until 2027 or when EVs make up 30% of new vehicle purchases. 

“Making the state’s vehicle fleet run on 100% clean energy is the next big challenge after transitioning the electricity grid in NSW,” Mr Gambian said. 

“We still have a long way to go to clean up the grid, but the government has shown today that it understands the urgent need to also tackle the transport sector. 

“About 22 per cent of the state’s greenhouse gas emissions are from the vehicles, so electrification of transport is a key to tackling climate change. [3] 

“The government’s electric vehicle package signals the beginning of the end of the internal combustion engine as the dominant mode of road transport in this state and the dawn of a new, clean energy era.” 

Earlier this month the Nature Conservation Council launched its campaign to convert the state’s fleet to electric vehicles. The council’s Accelerate NSW campaign includes policies to: 

  • Waive stamp duty for EV purchases
  • Reduce registration fees for EVs
  • Provide direct incentives for individuals and businesses to upgrade to EVs
  • Mandate EVs for all new government fleet purchases  
  • Set EV ambitious vehicle targets for the NSW fleet 

“We are very pleased that the government has acted on most the of priorities we have identified,” Mr Gambian said. 

[1] NSW to abolish stamp duty on electric cars in an effort to boost uptake, SMH, 20-6-21 

[2] The Motor Car in NSW, 1900-1937, Lester Hovenden, Sydney University, 1981  

[3] NSW Emissions, NSW Government, 2021    



Numbers don’t stack up for Angus Place Colliery expansion

Angus Place Colliery near Lithgow may soon be a worthless stranded asset because its main customer, Mt Piper power station, could be broke by 2025, new economic analysis shows.

The Institute for Energy Economics and Financial Analysis (IEEFA) has released a report today that shows Mt Piper power station, owned by Energy Australia, losing $50 million a year by 2025. 

The analysis echoes comments made by Australian Energy Security Board Chairperson Kerry Schott last week, who said coal-fired power stations “will probably go four or five years earlier [than their scheduled closure date] because they are not making any money and they may go before that”. [2] 

“It is hard to imagine Energy Australia wearing $50m annual losses for long before they decide to pull the pin,” Nature Conservation Council Chief Executive Chris Gambian said. 

“If that happens, the Angus Place Colliery expansion will be a white elephant — a stranded asset and a toxic legacy.” 

The NSW Planning Department is currently considering a proposal to expand the Angus Place Colliery to supply Mt Piper power station.

“The NSW Government should reject the Angus Place application because the economic argument, which was always flimsy, is getting weaker every time there is a new report,” Mr Gambian said. 

“The expansion plans don’t stack up, not in terms of the ecology, the economics or the climate.

“This mine expansion would cause a local ecological catastrophe by draining and killing rare wetlands, and for what? It seems unlikely to even keep Mt Piper going.

“There are huge opportunities beyond coal for communities like Lithgow, but they will require investment by the government and business.

“Lithgow can’t reach its post-coal potential alone - it needs substantial support from the state and federal governments. That support is conspicuously lacking.

“Change in our energy systems is gathering pace so coal communities need government help to get on board or they will be left behind.

“Germany has created a 40 billion euro fund to help its coal communities develop new economic opportunities. 

“We need something similar to ensure our communities don’t suffer because of the rapid international shift away from coal.

“We call on the NSW government to set aside a substantial fund, with billions of dollars to ensure no worker is left high and dry and that coal mining regions will have sufficient resources to adapt economically.”

References

[1] Fast Erosion of Coal Plant Profits in the National Electricity Market, IEEFA, February 2021. See Figure 1, page 3. 

[2] Coal power stations going broke: Schott, AFR, 16-2-21


Only one power station in the Hunter/Central Coast region to be profitable by 2025?

Two of the three coal-fired power stations likely to be still running the Hunter and Central Coast regions by 2025 could be worthless stranded assets, new economic analysis shows.

The Institute for Energy Economics and Financial Analysis (IEEFA) has released a report today that shows Eraring and Vales Point B power stations will be running multi-million dollar annual losses by 2025. [1] 

Only Bayswater is forecast to turn a profit, but that could be as little as $100m a year, $500 million less a year than in 2018.

The analysis echoes comments last week by Australian Energy Security Board Chairperson Kerry Schott who said coal-fired power stations “will probably go four or five years earlier [than their scheduled closure date] because they are not making any money and they may go before that”. [2] 

Nature Conservation Council Chief Executive Chris Gambian said: “The people of the Hunter region are being let down by political leaders who have failed to prepare for the inevitable changes facing their community.

“There are huge opportunities beyond coal for the Hunter community, but they will require investment by the government and business.

“The Hunter region can’t reach its post-coal potential alone — it needs substantial support from the state and federal governments. That support is conspicuously lacking.

“Change in our energy systems is gathering pace so coal communities need government help to get on board or they will be left behind.

“Germany created a 40 billion euro fund to help its coal communities develop new economic opportunities, and Poland last week announced a $20b transition package to ensure communities aren’t left stranded . 

“We need something similar to ensure our communities don’t suffer because of the rapid international shift away from coal.

“We call on the NSW and Federal governments to set aside a substantial fund, with billions of dollars to ensure no worker is left high and dry and to create jobs in coal regions.”

References

[1] Fast Erosion of Coal Plant Profits in the National Electricity Market, IEEFA, February 2021. See Figure 1, page 3. 

[2] Coal power stations going broke: Schott, AFR, 16-2-21

 


Explainer: NSW Labor's renewable energy pledge

 

Daisy and Brad dig into Labor's commitment and what it means for the climate, electricity bills and the upcoming election.


Knock, knock... it's clean energy here!

 

Just weeks out from the NSW election, join us for our biggest door-knock yet, in Bronte, to ramp up the pressure on all parties to revolutionise energy in NSW! Are you in? RSVP here: http://natureorg.nationbuilder.com/doorknock_day_of_action?fbclid=IwAR0Fzh0rVy5vipxeZ6iHgOyTjSi0Q1UKx7aYnrS52js3TYmIRAfSrJosluI