Assembled by Maternation
May 31st, 2017
The Turnbull government will enshrine its
belief in cool as an ongoing source at
power generation by introducing legislation
to enable the clean Energy Finance Corp-
oration to invest in carbon capture and
The CEFE is Ci billion
loan facility established by Labor to invest
in the developmental renewable and clean
Months alter first flagging the move, Energy
Minister Josh cronenberg has announced
the government will legislate to expand the
mandate so it can invest in carbon
capture and storage technology which, if
ever successfully developed, will enable
emissions from overtired power stations to
be kept out of the atmosphere. The CEFE
will not be investing in other catcalled clean
coal technology such as the construction at
a High Efficiency Low Emissions [HELE)
The move comes as he government
prepares to receive the final report into
energy reform by its chief scientist Alan
His key recommendation is likely to be an
emissions intensity scheme, as advocated
by business, industry, the energy market
regulators and Labor, to bring down
emissions over time and create investment
certainty for the energy sector.
But in the Coalition party room on
Tuesday, Malcolm Turnbull ruled it out,
saying there would neither be an emissions
trading scheme nor an as
On Tuesday, The Australian Financial
Review revealed Glennie was threatening
to cease its copper smelting and reliquary
operations in Queensland due to volatile
power prices and the investment climate.
The federal government blamed state
Laws so per cent renewable energy
target for the threat while federal
Labor said it underscored the need for the
Turnbull government to adopt an HS.
Industry as well as experts are crying out
for an emissions intensity scheme for the
electricity sector, to end uncertainty and
fuel new investment, but Tumult and
have made it clear they will
continue to put the interests of the hard
right of their pony above what is best for
the country," said shadow energy minister
This isn' t good enough. Not just
dancers, but thousands of other jobs and
whole industries are at stake."
Mr cronenberg said cod had a tutors,
more so “emissions could be reduced
using CCS technology. He said CCS was Ci
prawn technology with two
protects either in operation or under
Given that as technology has received
such strong support horn the likes at the
International Panel on Climate Change
and the International Energy Agency
internationally as well as the Chief
Scientist and the CAIRO here at home, it is
now only appropriate that we unshackle
the CEFE and allow it to support this low
emissions technology," he has told The
Australian Financial Review.
The CEFE is alter all not the renewable
energy finance corporation, but one that is
explicitly encouraged under pan six at the
Act to also invest in energy efficiency and
low emission alternatives.
It' s time labor put aside their mistakes of
the past and loaned the coalition
support this important
CEFE TO BE USED FOR COAL
labors we election plan alter a did say:
labor will restore to the CEFE by
broadening the investment mandate to make
it technology neutral'."
The Greens ruled out immediately
the change, describing it as "utter lunacy".
Originally, the coalition tried to abolish the
CEFE, saying taxpayers should not be
underwriting investments the private sector
will not touch
on Tuesday, Trade Minister and
Queenslander Steven blamed the
threat on the "crazy" policy at the
state Labor government "which are forcing up
the costs of electricity much higher”.
Mr cronenberg also said he had asked he
Australian Energy Regulator to investigate
claims that the two state government owned
coat generators in Queensland were price
gouging by holding back production.
S MERKEL' S CALL FOR STRONGER EUROPE
Italy on Tuesday backed Angela Merker' s
can for Europe to be a stronger player on
the world stage in the era of Donald Trump
We certainly share the idea that the future
at Europe has to be in our own hands --
global challenges impose that," Italian
Prime Minister Paola said after
meeting his Canadian
Trudeau in Rome.
The leader added: "That does mat
take anything away front the importance of
transatlantic relations or the alliance with
the United states.
But the importance we give to these ties
cannot lead to us renouncing fundamental
principles such as our commitments
against climate change and for open
societies and free international trade."
Gentile's was speaking made
waves with weekend remarks in which she
suggested that Britain and a
Trumpeted United States may no longer be
reliable pardners for the European Union.
The German leader reiterated the main
thrust at her remarks on Tuesday, saying
the "current situation" gives Europe more
reasons "to take our destiny into our own
Both Mariel and Gentile's stressed that a
more prominent leadership role tor Europe
did not necessarily mean any less
cooperation with the United states.
The eurozone' s big three economies,
Germany, France and Italy, are sharply at
odds with the Us over climate change, the
future of international trade and the
management of mass migration.
These divergences were aired at a summit
of leaders in Sicily at the weekend at
which Trump found himself isolated over
his threater ditch the 2015 Paris accord
aimed at slowing climate change.
Trump' s abrasive style also helped sour the
mood, according to diplomats present, but
Gentile's and Trudeau both stressed the
importance of maintaining cordial relations.
Highlighting Canada' s strong political and
trade ties to Europe, Trudeau said:
We will always work together and
highlight the shared values that are equally
important on both sides of the Atlantic,
including in the United States."
He said discussions on subjects J
disagreement needed to continue on the
basis of "openness, frankness and robust
Trump has vowed to decide this week
whether to pull the Us out of the Paris
framework on climate change but left his
counterparts in the GT with no idea of
which way he was leaning,
Trudeau reiterated an argument mode
repeatedly to the Us president in Sicily,
saying: "With regard to climate change in
particular, the only way to move forward is to
protect the environment while creating the
tabs we need hr today and tomorrow."