The Weekly Dispatch: Renewable drought

In this edition of the Weekly Dispatch:

  1. The Victorian Government has signed an agreement with AGL to keep Loy Yang A available until 2035 (around 5 years later than the 2022 ISP Step Change scenario). Meanwhile, the reliability check up commissioned by the NSW Government has recommended that Eraring’s closure be delayed beyond 2025. The government’s response is expected by the end of the month.
  2. The Clean Energy Council has released its Q2 2023 Renewable Projects Quarterly Report finding just 215 MW of renewable generation projects in the NEM reached financial commitment last quarter. This follows zero new generation projects reaching financial commitment in Q1.
  3. Chapter 5 of the 2023 Intergenerational Report covers climate change and energy finding significant costs of climate change for the Australian economy.
  4. The NSW Independent Review of the Biodiversity Conservation Act finding that the Act is not meeting its primary purpose. The Review finds that biodiversity is at risk from vegetation clearing, extreme weather, weeds, feral animals and bushfires.
  5. A Duke University report investigates interconnection reform in the US.
  6. Podcasts of the week: Ezra Klein on the geopolitics of decarbonisation and The Energy Markets Podcast interviews FERC Commissioner Christie on price clearing mechanisms (covered in a previous Dispatch).
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