Chris Bowen News

23.11 / 04:39

Provident Target Gap Bill Barrett Experts 2020 Support Bowen dramatically expands green energy support

The Albanese government will supercharge its struggling 82 per cent clean energy goal by dramatically expanding its underwriting of green generation and storage, effectively replacing the Renewable Energy Target favoured by some wind and solar proponents.

19.06 / 11:09

COST Target economy Election country reports Australian Australian opposition puts nation's first nuclear power plants in its energy plan ahead of elections

Australia’s main opposition party says it plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy will not work

23.11 / 06:37

Target Matthews awards Bill Experts Sky News performer exclusive Fears taxpayers exposed under Bowen’s new green scheme

Industry and renewable energy proponents have backed the Albanese government’s expanded Capacity Investment Scheme to help Australia reach the 82 per cent renewable energy target by 2030, but questions remain on how the scheme will work and the financial exposure for taxpayers.

10.10 / 06:49

COST MET Dreams Oscar social innovations Japanese giants challenged to prove ‘clean’ coal to hydrogen dream

Victorian Energy Minister Lily D’Ambrosio has challenged Japanese investors to prove they can capture the carbon they plan to liberate from La Trobe Valley coal when making hydrogen, amid urging of her government to embrace billions of funding supporting the project.

10.10 / 06:49

COST UPS Target Oscar show Costs Show us nuclear costs, Chris Bowen tells Peter Dutton

Energy Minister Chris Bowen has called on the Coalition to disclose cost estimates for replacing coal-fired power stations with nuclear power, claiming the opposition had been dishonest in suggesting it could be cheaper than renewables.

09.10 / 18:03

UPS Assurant Strategy country outbreak reports In a world of turmoil, Labor reassures that gas exports are a priority

Resources Minister Madeleine King says fresh outbreaks of conflict overseas underline Australia’s importance as a trusted supplier of gas, as she pushed back on industry concerns that the Albanese government was more focused on destroying demand for gas than stoking investment in new supply.

09.10 / 08:59

COST Target CEO Remark reports travelers Mitsubishi CEO calls for ‘stable’ investment climate in Australia

Mitsubishi, one of Japan’s biggest investors in Australian resources, has called on the Labor government to ensure a stable investment environment, warning the clean energy transition needs to be approached with caution.

09.10 / 08:59

COST Target Manufacturing President track country Bowen’s $387b nuclear price tag ‘doesn’t make sense’

The federal government’s $387 billion price tag to replace Australia’s coal-fired power stations with small modular nuclear reactors “doesn’t make sense,” an executive from US manufacturer Westinghouse Electric has claimed, arguing the price could be much cheaper.

15.09 / 07:31

UPS Target Aviat Airlines Forrester track Electric planes and green hydrogen within a decade, Bowen says

Federal Energy Minister Chris Bowen says electric planes will be in the skies and a green hydrogen industry will be up and running by the end of the decade, as Australia charts its course to net zero carbon emissions by 2050.

07.09 / 10:27

UPS country cover Carbon tariffs risk ‘slip into protectionism’

The climate change expert conducting a review for the Albanese government into carbon leakage – the importation of products from countries which do not have strong carbon abatement policies – said a carbon tariff for imported goods could become a “slippery slope into protectionism”.

03.09 / 10:29

COST CEO Strategy RWE country voice Utility ‘Big question-mark over new nuclear’: German utility CEO

The CEO of one of Germany’s last nuclear power producers has cautioned against the idea of a non-nuclear country such as Australia adopting nuclear power, pointing to the cost overruns and delays plaguing new nuclear plants around the world.

01.09 / 06:49

COST UPS Progressive Gap Inside Snowy works to free Florence at $12b mega-project

The Florence tunnel boring machine stuck underground at the Snowy 2.0 construction project in NSW has made “bugger all” progress since it was commissioned in March last year, says Snowy Hydro chief executive Dennis Barnes, who is however hopeful the huge machine will resume its three-year tunnelling job again within weeks.

31.08 / 00:21

COST Target Snowy Hydro confirms Snowy 2.0 cost blowout to $12b

Snowy Hydro has confirmed the blowout in the cost of its Snowy 2.0 pumped hydro storage project to $12 billion, while its Kurri Kurri gas power plant cost has surged to $950 million.

29.08 / 08:01

UPS FIVE Progressive Southern Albanese hands $3b to decarbonise remote WA

The federal government will pour billions of dollars into Western Australia’s north-west energy grid to spur a private sector transition to renewable power in the state’s mining heartland.

16.08 / 08:57

UPS Provident Target country social Low Nuclear the most credible path to low-emissions economy: Dutton

Federal Opposition leader Peter Dutton will formalise the Coalition’s official position on nuclear power, including possibly overturning the 1998 ban, to take to the 2025 election, saying Labor was putting “party interests ahead of the national interest”.

15.08 / 20:11

Provident Lowe's Target Progressive Oscar beautiful Renewables fall Australia to fall well short of renewables target: analysis

Australia is set to fall well short of its 2030 target for 82 per cent renewable energy, with extra measures needed to move it past 64 per cent, according to research firm Rystad Energy, which expects Origin’s Eraring coal power station to have to run for several years longer to prevent spiking prices.

14.08 / 06:05

COST Provident Lowe's Barrett cover Bowen won’t fund BHP’s early coal closure

Energy Minister Chris Bowen has rejected BHP’s request for taxpayers to help fund the early closure of one of Australia’s biggest thermal coal mines, signalling he wants a $1.9 billion fund to reduce pollution rather than the nation’s productive output.

12.08 / 03:03

COST Target social Power Nuclear power Ban on nuclear power make no sense, says Coalition

Households and business will be condemned to higher power prices for decades if Australia does not embrace nuclear power, according to Coalition senators who are trying to overturn the existing ban.

26.07 / 15:23

COST UPS Provident CEO RIO Rio Tinto’s takes $1.2b hit on Labor’s carbon plan

Rio Tinto has wiped $1.22 billion off the value of its Australian alumina refineries to account for the cost of the Albanese government’s new carbon policy as lower commodity prices drove a 43 per cent slump in half-year earnings.

11.07 / 17:25

UPS Provident Target MET Fighting Chevron Japan Accuses Australia of Betrayal in Fight Over Natural-Gas Exports

TOKYO—A top Japanese energy official called on Australia to back away from new carbon-emissions rules that Tokyo says threaten its energy security, stepping up a rare fight between the two U.S. allies. The Australian rules, which took effect July 1, require new liquefied-natural-gas facilities to be carbon-neutral on their first day of operations.

11.07 / 13:39

Citi Extreme Strategy Forrester Low Rio Tinto to make low-carbon alumina

Global miner Rio Tinto and Japan’s Sumitomo Corporation will build a $111 million world-first hydrogen plant at the Yarwun alumina refinery in Gladstone to help reduce carbon emissions at the energy-intensive facility.

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