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Coalition and One Nation’s plan to ditch net zero would not lower power prices, CSIRO report finds

GenCost report contradicts parties’ claims about abandoning emissions target, and finds nuclear would be most expensive way to generate power

Claims by the Coalition and One Nation that abandoning a net zero climate target would bring down power prices are contradicted in a new CSIRO report on the costs of generating electricity.

Generation costs will probably rise after 2030 regardless of Australia’s policy on net zero, according to the CSIRO’s annual GenCost report, but prices should then stabilise at levels below recent price spikes.

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Β© Photograph: Philippe Lopez/AFP/Getty Images

Β© Photograph: Philippe Lopez/AFP/Getty Images

Β© Photograph: Philippe Lopez/AFP/Getty Images

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Gas usage has peaked and is now in structural decline across Australia, report says

Grattan Institute calls on Labor to set policies that will further reduce the use of gas in order to meet net zero targets

After more than a half a century of growth, the use of gas in Australia has peaked in all sectors and entered a β€œstructural decline”. But use will need to fall fast to meet climate targets, according to new research from an influential thinktank.

The Grattan Institute warned the government had failed to acknowledge the decline and instead needed policies to further reduce gas use and avoid the need for expensive carbon capture technologies to meet net zero targets.

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Β© Photograph: Manfred Gottschalk/Getty Images

Β© Photograph: Manfred Gottschalk/Getty Images

Β© Photograph: Manfred Gottschalk/Getty Images

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BHP β€˜laughing’ at Australia’s key climate policy while pocketing hundreds of millions in tax breaks, Pocock says

Outrage as leaked documents reveal mining giant’s backsliding on commitments to slash emissions

The independent senator David Pocock says leaked BHP documents show that the mining giant is β€œlaughing” at Australia’s key climate policy while pocketing hundreds of millions of dollars through a generous diesel tax break.

An exclusive investigation based on documents leaked to by the Guardian and the ABC show BHP has scrapped a project to significantly reduce global emissions, delayed vast renewables projects in the Pilbara and war-gamed options to push the electrification of its polluting diesel truck and train fleets into the next two decades.

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Β© Photograph: Lukas Coch/AAP

Β© Photograph: Lukas Coch/AAP

Β© Photograph: Lukas Coch/AAP

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