2 minute read
Renewables Rule
Macromonitor economist Natalie Keogh
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Michael Pascoe of TND
“The economics of renewables are impossible for oil to compete with when looked at over the cycle … if we were building out the global energy system from scratch today, economics alone would dictate that at a minimum the roadtransportation infrastructure would be built up around EVs powered by wind- and solargenerated electricity.”
Mark Lewis, BNP Paribas Asset Management
“Australia has a number of competitive advantages as a hydrogen exporter: expertise and infrastructure we can leverage to develop hydrogen export energy supply chains, proximity to markets in Asia and well-established trading relationships, an abundance of renewable energy … “
Chief Scientist Alan Finkel
“The potential for Australia with hydrogen is a “moonshot opportunity”.
ARENA CEO Darren Miller
RESULT!
“I’m an ordinary person who joined an Extinction Rebellion blockade … It was way out of my comfort zone, but as a scientist I can tell you that the climate emergency is much more terrifying … nonviolent civil disobedience can bring rapid and sweeping changes, the aim is to make people pay attention, and they’re much more likely to do so when it impacts their daily lives.”
Anonymous Australian scientist
The UK government adopted a climate emergency resolution following London’s Extinction Rebellion blockades.
DARK MATTER
“Use of emissions-intensive products from the resource industry have contributed significantly to global warming … our dependence on fossil fuels could pose an “existential” threat to the planet. All emitters, resource companies, customers, consumers must play their part together with governments to meet the climate challenge.”
Andrew Mackenzie, BHP
”I look forward to getting on with the job of lowering power prices for Australian families and businesses, and ensuring we stay on track to meet our 2030 emissions reduction target.”
Angus Taylor, Minister for Energy and Emissions Reduction in the Coalition Government
NOTE: Australia’s emissions have increased over the past four years and rose 0.9% in the year to September 2018, reaching record highs in many sectors.