Blogotariat

A wind farm and battery has been given the all clear by the local council, after being rejected by state planning authorities over its impact on the safe operation of a local airfield.

Rooftop solar, home batteries and other consumer energy resources have been listed alongside large-scale renewables and storage as critical to reliable supply – but work needs to be do

I have always described the higher education industry as the “middleman” of Australia’s immigration ponzi, effectively ‘clipping the ticket’ and privatising the gains from high numbers of foreign students while socialising the costs on the broader economy. In a similar vein, Alan Kohler noted last week that “most of Australia’s migrant intake has been outsourced

Mike Cannon-Brookes, the do-gooder billionaire, who would send Aussie sunshine to Singapore, is becoming a laughing stock. Bloomberg: You can’t fault the scale of Cannon-Brookes’s ambitions. SunCable could generate about four times more electricity than the Northern Territory currently consumes. Excess power would flow 4,300 kilometers (2,700 miles) through the world’s longest and deepest undersea

The post Sunshine thief pilloried appeared first on MacroBusiness.

Westpac with the note. Capex Spending Plans Today’s release also provided an update on expected capex spending over the 2024-25 FY. Estimate 3 for the 2024-25 FY came in at $170.7bn, around 8.2% higher than the same estimate last year. When considering how plans translate into actual capex spending, we need to adjust by measures

The post Aussie capex epectations hold up appeared first on MacroBusiness.

The Market Ear on scary seasonality. The upcoming buyback fade In markets it is always about the “change”…and this bid is going to fade soon. There is $6.62B worth of daily purchasing power until the closed window (where it normally gets cut in half or even more). Blackout starts on the 13th, which is only

The post Stocks brace for scary September appeared first on MacroBusiness.

There’s a great piece at Bloomberg today on how Japan is destroying Australia using our own gas against us: Every six hours, somewhere in the world, a shipment of liquefied natural gas controlled by a Japanese company leaves a port. The vessels — giant, floating thermoses that keep the fuel super-chilled — cross the globe,

The post Japanese gas Godzilla destroys Australia appeared first on MacroBusiness.

The Australian Energy Market Operator has released new forecasts regarding electricity supply and demand over the next decade. AEMO says that a slower uptake of battery-electric vehicles is set to reduce pressure on the electricity grid. In December, AEMO forecast that seven million electric vehicles would be sold over the next ten years, but it

The post Australians fall out of love with EVs appeared first on MacroBusiness.

On 12 December 2023, Victorian Premier Jacinta Allan ignored expert advice and signed the first tunnelling contract to build the $200 billion, 90-kilometre Suburban Rail Loop (SRL) to nowhere. “We are full steam ahead with the Suburban Rail Loop – by 2026, tunnel boring machines will be in the ground and Victorians will be hard

The post Jacinta Allan must resign over SRL debacle appeared first on MacroBusiness.

Yarra Capital Management chief economist Tim Toohey warned that the $300 billion in extra savings accumulated during the pandemic may have run out, curtailing household spending. Toohey estimates that households probably spent the last of their pandemic-era buffers around March 2024, as younger consumers struggling with cost-of-living pressures pulled back on saving to pay for essentials.

A fairly mixed session for Asian share markets following the dip on Wall Street overnight as the post close NVIDIA earnings muddy the AI/tech waters with Chinese shares and their Australian satellites down. The USD is fighting back somewhat against most of the majors with Euro retracing below the 1.12 handle but the Australian dollar

The post Macro Afternoon appeared first on MacroBusiness.

This week the Australian Government announced measures to secure intravenous (IV) fluid products amid a global supply shortage. An RMIT expert comments on supply chain issues around critical healthcare products. Dr Priyabrata Chowdhury, supply chain expert: “The current shortages of IV fluid products in Australia have posed significant challenges to the healthcare system. “To address…