Prime Minister Scott Morrison and Minister for Energy and Emissions Reduction Angus Taylor today announced spending of A$211 million to prop up local fuel refineries and build new domestic fuel storage.[.....]
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Hydrogen, batteries, green steel, carbon capture and storage, and soil carbon are the big roadmap winners; voters aren't keen on a gas recovery; and the second round of Victorian energy auctions could buy battery services, not just renewables.
The Prime Minister insists gas "chose itself" ahead of the government's technology roadmap release; research says Marinus Link could drive up Tasmanian power prices; and Glencore says its huge Queensland coal project can't be blocked by UniSuper.
Labor's Joel Fitzgibbon says the party should "help" the government enact its energy policy; optional contracts dominate 11th ERF auction; and UniSuper won't divest its fossil fuel holdings, though it backs net zero by 2050.
ARENA's new funding, and expanded remit, draw bouquets and brickbats; the government is considering the Million Jobs Plan as part of its pre-Budget process; and energy market participants can keep cooperating until March due to Covid-19.