Australia’s Good Car Company has an ambitious, world-first approach to
getting more EVs on the road.
“The simplest thing was to find used EVs from overseas and bring them over,”
said co-founder Broese van Groenou. While importing 500 EVs may be small,
demand is skyrocketing along with gasoline prices.
Now they are sourcing large volumes of used cars from Japan (right-hand
drive, low mileage and good quality), via a bulk purchase arrangements
for specific communities.
Mike Cannon-Brookes' https://www.boundless.earth/
has invested to help with the risk.
Councils and buying groups around Australia are starting to sign up.
https://www.climateandcapitalmedia.com/the-little-car-compan
Further reduction of coal-fired power in Australia has been confirmed (Sept 2022), with major renewable initiatives by the Queensland, NSW and Victorian Governments and the early closure of AGL's Loy Yang power station. The NSW Government is launching their Electricity Infrastructure Roadmap and first Renewable Energy Zone tender. The Queensland government aims to achieve 80 per cent renewables by 2035 and Victoria announced its first big energy storage target, using “advanced inverters” from a big battery to supply system strength. Together with the AGL departure, the 100% renewable target is is sight.https://reneweconomy.com.au/stunning-week-of-early-coal-closures-opens-path-to-100-pct-renewables/
Australia, with 12.3% of its electricity generated by solar, is third highest worldwide, behind Chile (18%) and Honduras (12.5%) according to Energy Monitor. But we have the potential to gain further ground with many developments underway. These include a Queensland Gov plan to reach 70% renewable electricity by 2032 (see ABC announcement) and NSW establishing 5 Renewable Energy Zones (see Gov data below).Combined with the earlier-than-expected closure of Loy Yang coal-fired Power Station in Victoria (currently providing 30% of electricity) - we are truly in a transition, but we still need a speed-up.https://www.energymonitor.ai/tech/renewables/the-worlds-top-ten-solar-power-superpowers
The Investor Group on Climate Change, (IGCC) whose members have more than $3 TRILLION in Australian funds under management, have announced the high priority policies that can unlock capital for Australia’s transition to net zero with a 75% reduction proposed by 2035.
Climate risks and opportunities have become mainstream considerations in global capital markets.
Now, trustees are focusing on how to invest in emissions-reducing
assets, and how to protect long-term returns from the
physical impacts of climate change.As well as targeting 75% emissions reduction, the IGCC proposes the establishment of a National Transition AuthorityFull Report available: https://igcc.org.au/wp-content/uploads/2022/09/IGCC-Policy-2025-PrioritiesWeb.pdf
Some solutions to the climate crisis touted by the fossil fuel lobby are questionable, in
particular carbon capture and storage (CCS). There are better ways for Governments to invest. A new report from the Institute for Energy Economics and Financial
Analysis (IEEFA) analysed the performance of 13 ‘flagship,
large-scale’ CCS projects worldwide, accounting for about 55 percent
of the global carbon capture capacity. The conclusions - CCS projects are more likely to fail
than achieve their goals. Seven projects underperformed, two
failed and one was mothballed. If governments rely on carbon capture to achieve net-zero it
won’t work. CCS appears to be a smoke-screen.https://www.aumanufacturing.com.au/carbon-capture-and-storage-mostly-a-failure-report
