Albanese authorities declares ‘largest-ever’ tender for renewable power initiatives
Ben Smee
The Albanese authorities has introduced Australia’s “largest-ever” tender to construct renewable power initiatives, which will probably be underwritten by the commonwealth.
The local weather change and power minister, Chris Bowen, says the discharge of a young for 6GW of latest energy technology features a new renewables take care of New South Wales that may present no less than 2.2GW of energy provide for the state.
In November, the federal government introduced an formidable 32GW plan to underwrite renewables in pursuit of Australia’s goal of 82% renewable technology by 2030, amid an “alarming” slowdown in personal funding. The tender goals to set off a primary tranche of initiatives.
Along with 2.2GW of energy earmarked for NSW, 300MW has been earmarked for initiatives in South Australia, topic to an settlement between governments.
The federal government says it plans to launch tenders from its capability funding scheme about each six months till 2027. Chosen initiatives will probably be supplied long-term underwriting agreements that embody agreed “ground” and “ceiling” income for traders.
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Up to date at 17.28 EDT
Key occasions
‘An angle they’re above the legal guidelines of a nation’: Invoice Shorten on X
Invoice Shorten was additionally requested about X (previously Twitter) boss Elon Musk’s resolution to problem an order to take away content material on the positioning regarding final Monday’s Sydney church stabbing.
Requested if there must be a boycott of the social media platform, Shorten stated he didn’t find out about this however labelled the behaviour as “very smug”.
There’s nearly an angle they’re above the legal guidelines of a nation.
I feel it’s completely unexceptional of a nation to say we need to take down a few of the most violent and surprising footage, and in some way for them to say we’ve received freedom of speech, however we’re allowed to pollute the metaphorical airwaves with horrible vile and imagery – nobody will get to vote for X. They do vote for governments and governments are accountable. So I do suppose what the eSafety fee has completed [is] precisely proper. It’s about defending residents.
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Up to date at 18.15 EDT
NDIS minister defends scheme from critics, asks what different could be
The minister for the Nationwide Incapacity Insurance coverage Scheme, Invoice Shorten, has defended the scheme towards criticism from a former productiveness fee boss.
In an article within the Monetary Evaluation, Gary Banks stated the organisation received it improper when recommending the NDIS and warned that Labor’s proposed overhaul would do little to cut back its price range trajectory. Banks stated in a speech:
On reflection, the fee clearly underestimated the incentives for ‘overservicing’ that such a scheme presents and, specifically, was too optimistic in regards to the prospects of an eventual payback to the economic system.
Talking on ABC RN this morning, Shorten stated at its inception there was an “overarching religion” the NDIS must be left to the market to repair any points, however there hasn’t been sufficient “market stewardship”.
In the event you’re going to provide sources for incapacity, you’ve received to be sure that there are guidelines round the way it’s used and the character of the companies offered, and there simply wasn’t sufficient work completed about ensuring we had sufficient workforce, ensuring that we had service suppliers who had been to doing what they’re saying they’re doing, [or] even certified to do what they’re doing.
However I don’t share Mr Banks’ negativity about simply wrapping up the scheme. The choice to having the scheme is to return to what existed beforehand, and that was a catastrophe the place you needed to have a worst set of circumstances as we speak than yesterday to maneuver up the queue and get sources, and even needed to be extra diabolical conditions tomorrow, that’s not the best way to allocate sources.
Shorten questioned that NDIS critics “should perceive the consequence of what they are saying”, as a result of “what’s the different? Simply quit?” He referred to as on critics to fulfill with him to debate their considerations, reasonably than “commenting within the paper”.
We’ll must work on fixing this collectively, us and the Coalition.
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Up to date at 18.00 EDT
Treasury downgrades development forecasts forward of price range
International monetary uncertainty has prompted the Treasury to downgrade its development forecasts for main economies forward of the federal price range, AAP reviews.
Geopolitical tensions within the Center East in addition to a slowdown in China has led to the rethink on international economies, with the treasurer, Jim Chalmers, warning of a “fraught and fragile” outlook internationally.
China’s development has been downgraded by 0.25 proportion factors in 2025 to 4.25%, in keeping with Treasury forecasts. The downgrade would imply China’s development could be the weakest interval because the Asian nation opened its economic system up within the Seventies.
The UK’s economic system’s forecast has additionally been downgraded by 0.5 proportion factors to 1.25% in 2025, and Japan has had its development revised to only 0.75% in 2024, down by 0.25 proportion factors after weaker than anticipated consumption.
Forward of Might’s federal price range, Chalmers has been assembly with G20 counterparts in Washington, and stated international uncertainty had led to the revised expectations:
Occasions within the Center East are casting a shadow over the worldwide economic system, compounding the considerations about lingering inflation and weaker development.
The fraught and fragile international outlook was an enormous characteristic of discussions in Washington DC and will probably be an enormous issue as we put the ending touches on the price range.
Additional revisions on development forecasts are anticipated following the discharge of US GDP figures on Thursday, in addition to related knowledge for the EU later in Might.
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Up to date at 17.43 EDT
Worldwide journey nearer to pre-pandemic ranges than home at Sydney Airport
Worldwide site visitors is now nearer to pre-pandemic ranges than home flights at Sydney Airport.
Within the airport’s site visitors and operational efficiency report for the primary 2024 quarter, it reveals worldwide journey has had a 96.6% restoration fee to pre-pandemic ranges (that’s, as compared with the primary quarter of 2019). Home and regional journey, by comparability, had a 91.9% restoration fee.
The airport suggests this is because of decrease ranges of home enterprise journey. Sydney Airport CEO Scott Charlton stated:
The Q1 passenger knowledge reveals us that on the home entrance, increased airfares, lack of capability and a downturn in discretionary enterprise journey has affected demand.
That is contrasted with comparatively increased seat capability and competitors on main worldwide routes which underpinned robust worldwide passenger volumes for the quarter.
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Up to date at 17.43 EDT
Ben Smee
Bowen hits again at Dutton whereas asserting tender for renewables
The federal opposition chief, Peter Dutton, has argued in favour of constructing nuclear energy stations to interchange retiring coal-fired turbines. On the ABC’s Insiders program on Sunday, Dutton queried the affect of renewables initiatives and stated they required a “social licence”.
We are able to’t flip the previous system off till the brand new one is prepared. I do know individuals need to faux wind and photo voltaic can go across the clock, it might’t.
In an announcement asserting the brand new renewables tender (see final put up), Bowen appeared to clap again at Dutton’s feedback:
The rain doesn’t at all times fall, however we at all times have water on faucet as a result of we retailer it for once we want it – our power plan does simply the identical factor for dependable renewables.
Our plan is delivering the understanding and confidence the market must ship the power we’d like, once we want it.
That is in stark distinction to the Coalition’s dangerous reactor plan which received’t do a factor to plug the electrical energy hole as 90% of the prevailing coal fleet retires over the following ten years.
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Albanese authorities declares ‘largest-ever’ tender for renewable power initiatives
Ben Smee
The Albanese authorities has introduced Australia’s “largest-ever” tender to construct renewable power initiatives, which will probably be underwritten by the commonwealth.
The local weather change and power minister, Chris Bowen, says the discharge of a young for 6GW of latest energy technology features a new renewables take care of New South Wales that may present no less than 2.2GW of energy provide for the state.
In November, the federal government introduced an formidable 32GW plan to underwrite renewables in pursuit of Australia’s goal of 82% renewable technology by 2030, amid an “alarming” slowdown in personal funding. The tender goals to set off a primary tranche of initiatives.
Along with 2.2GW of energy earmarked for NSW, 300MW has been earmarked for initiatives in South Australia, topic to an settlement between governments.
The federal government says it plans to launch tenders from its capability funding scheme about each six months till 2027. Chosen initiatives will probably be supplied long-term underwriting agreements that embody agreed “ground” and “ceiling” income for traders.
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Up to date at 17.28 EDT
Good morning
Emily Wind
And welcome to a brand new week on the Australia information reside weblog. I’m Emily Wind, and I’ll deliver you our rolling protection for many of as we speak.
The Albanese authorities has introduced the nation’s “largest-ever” tender to construct renewable power initiatives, to be underwritten by the commonwealth. The local weather change and power minister, Chris Bowen, says the discharge of a young for 6GW of latest energy technology features a new renewables take care of NSW to offer no less than 2.2GW of energy provide for the state. Extra on this quickly from Ben Smee.
Worldwide site visitors is now nearer to pre-pandemic ranges at Sydney Airport, extra so than home. In an announcement, the airport stated this is because of decrease home enterprise journey. Sydney Airport’s CEO, Scott Charlton, stated:
The Q1 passenger knowledge reveals us that on the home entrance, increased airfares, lack of capability and a downturn in discretionary enterprise journey has affected demand.
That is contrasted with comparatively increased seat capability and competitors on main worldwide routes which underpinned robust worldwide passenger volumes for the quarter.
Sydney Airport’s worldwide journey has had a 96.6% restoration fee to pre-pandemic ranges, in comparison with home and regional, which has had a 91.9% restoration fee.
See one thing that wants consideration on the weblog? You may get in contact by way of X, @emilywindwrites or you may ship me an e-mail: emily.wind@theguardian.com.
Let’s get began.
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