The ruler being run over more Aussie processes.
Owner of ‘uneconomical’ Port Pirie and Hobart smelters calls for government help to stay afloat
The operator of smelters in South Australia and Tasmania is urging state and federal governments to provide "essential" financial support, after its facilities were described as "uncompetitive assets".www.abc.net.au
The owner of the Port Pirie and Hobart smelters has put its hand out for government assistance, casting doubt over the future of the major employers if taxpayer-funded help isn't forthcoming.
Nyrstar, which employs more than 1,300 people across its Tasmanian and South Australian operations, said it was talking to the federal and state governments about the "severity of the challenges it faces".
The company owns the Port Pirie lead smelter and Hobart zinc smelter.
The Port Pirie smelter processes and refines lead, silver, zinc fume, copper matte and by-products such as sulphuric acid, according to Nyrstar.
The Hobart smelter produces zinc and other by-products, including copper sulphate, cadmium, gypsum and sulphuric acid.
Earlier this week, it was revealed plans for a $750 million green hydrogen facility at the Port Pirie smelter had been shelved.
The plans, which were announced in 2021, "never proceeded beyond feasibility", an SA government spokesperson said.
Mismanagement and in some cases sabotage by the Greens and the Opposition, long delays for approvals of VRE, no guts when it comes to building storage etc...And we all know these are a direct consequences of our energy price aka mismanagement and fairy land dreaming
I tend to think this is more the issue, a lot of companies will be working out if it is worth continuing operations here, or move offshore.Mismanagement and in some cases sabotage by the Greens and the Opposition, long delays for approvals of VRE, no guts when it comes to building storage etc...
Yep, capital is mobile and goes where they get the best returns.I tend to think this is more the issue, a lot of companies will be working out if it is worth continuing operations here, or move offshore.
Australia’s biggest polluters forced to reduce emissions by 30 per cent by 2030
The Albanese government’s new pollution caps aim to cut greenhouse output by 205 million tonnes by the end of the decade.www.smh.com.au
Australia’s 215 biggest industrial polluters will be forced to cut their greenhouse gas emissions by 30 per cent by 2030 under binding pollution caps introduced from July 1, after the Albanese government revealed the details of its signature climate policy, the safeguard mechanism.
The reform is the first federal policy since the Gillard government’s carbon tax was axed in 2014 that compels industry to cut emissions and its introduction will oblige Australia’s industrial powerhouses to make fundamental changes to their operations.
Major business groups have welcomed the changes but warn the scheme must be carefully calibrated over time to ensure local companies remain competitive with international rivals, many of whom operate in jurisdictions without mandatory emissions targets.
“I think it’s pretty reasonable to say that 215 facilities are responsible for 28 per cent of our emissions, therefore, they’ll be responsible for 28 per cent of our emissions reduction,” Climate Change and Energy Minister Chris Bowen said on Tuesday as he released a policy paper detailing proposed rules to enforce the new pollution caps.
When the safeguard mechanism was created in 2016 by the former Coalition government, pollution caps were not strict enough to enforce industrial emissions reductions. Former prime minister Scott Morrison argued that “technology, not taxes” would allow Australia to exceed its target to cut at least 26 per cent of emissions by 2030, based on 2005 levels, without compelling industry to act.
But Labor pledged during the 2022 election campaign to set a more ambitious, legally binding target to cut Australia’s emissions by 43 per cent by 2030 and the safeguard mechanism will be beefed up to meet that goal.
The new pollution caps aim to cut greenhouse output by a cumulative 205 million tonnes by the end of the decade – equivalent to about 40 per cent of Australia’s annual carbon footprint.
The safeguard mechanism applies only to industrial emitters that generate more than 100,000 tonnes of greenhouse gas a year, including coal mines, gas plants, smelters and manufacturers such as BlueScope steelworks and Qenos plastics in Melbourne.
If companies do not meet their emission reduction target and fail to buy offsets, they face fines of $275 a tonne – which the government argues is priced above the maximum cost of carbon credits to ensure it is cheaper for businesses to comply.
The Minerals Council of Australia chief executive Tania Constable praised the government for including a cost-containment measure, capping the price of Australian carbon credits at $75 a tonne initially, but said industry needed to work through crucial detail for exporters.
We need a banging head emojiI tend to think this is more the issue, a lot of companies will be working out if it is worth continuing operations here, or move offshore.
Australia’s biggest polluters forced to reduce emissions by 30 per cent by 2030
The Albanese government’s new pollution caps aim to cut greenhouse output by 205 million tonnes by the end of the decade.www.smh.com.au
Australia’s 215 biggest industrial polluters will be forced to cut their greenhouse gas emissions by 30 per cent by 2030 under binding pollution caps introduced from July 1, after the Albanese government revealed the details of its signature climate policy, the safeguard mechanism.
The reform is the first federal policy since the Gillard government’s carbon tax was axed in 2014 that compels industry to cut emissions and its introduction will oblige Australia’s industrial powerhouses to make fundamental changes to their operations.
Major business groups have welcomed the changes but warn the scheme must be carefully calibrated over time to ensure local companies remain competitive with international rivals, many of whom operate in jurisdictions without mandatory emissions targets.
“I think it’s pretty reasonable to say that 215 facilities are responsible for 28 per cent of our emissions, therefore, they’ll be responsible for 28 per cent of our emissions reduction,” Climate Change and Energy Minister Chris Bowen said on Tuesday as he released a policy paper detailing proposed rules to enforce the new pollution caps.
When the safeguard mechanism was created in 2016 by the former Coalition government, pollution caps were not strict enough to enforce industrial emissions reductions. Former prime minister Scott Morrison argued that “technology, not taxes” would allow Australia to exceed its target to cut at least 26 per cent of emissions by 2030, based on 2005 levels, without compelling industry to act.
But Labor pledged during the 2022 election campaign to set a more ambitious, legally binding target to cut Australia’s emissions by 43 per cent by 2030 and the safeguard mechanism will be beefed up to meet that goal.
The new pollution caps aim to cut greenhouse output by a cumulative 205 million tonnes by the end of the decade – equivalent to about 40 per cent of Australia’s annual carbon footprint.
The safeguard mechanism applies only to industrial emitters that generate more than 100,000 tonnes of greenhouse gas a year, including coal mines, gas plants, smelters and manufacturers such as BlueScope steelworks and Qenos plastics in Melbourne.
If companies do not meet their emission reduction target and fail to buy offsets, they face fines of $275 a tonne – which the government argues is priced above the maximum cost of carbon credits to ensure it is cheaper for businesses to comply.
The Minerals Council of Australia chief executive Tania Constable praised the government for including a cost-containment measure, capping the price of Australian carbon credits at $75 a tonne initially, but said industry needed to work through crucial detail for exporters.
But tariff only work if you still have an industry.Yep, capital is mobile and goes where they get the best returns.
If we go down the route of mandated emissions cuts, then maybe we should be putting tariffs(the most beautiful word in the English language) on those who don't cut their own emissions.
If that doesn't illustrate that Bowen's out of his depth then nothing will.“I think it’s pretty reasonable to say that 215 facilities are responsible for 28 per cent of our emissions, therefore, they’ll be responsible for 28 per cent of our emissions reduction,” Climate Change and Energy Minister Chris Bowen said
Not IQ qualified to run the country...If that doesn't illustrate that Bowen's out of his depth then nothing will.
Even the Greens don't expect that 1% of emissions = 1% of emissions reduction because it ain't that simple. It's a lot easier to remove fossil fuels from some uses than from others.
I wonder how many projects have been shut down because they are not "internationally competitive" ?
We need a banging head emoji
Trouble being, no one else is.Not IQ qualified to run the country...
In the preset ASF like option
Look in Extended.In the preset ASF like option
Hydrogen isn't useless, it is a very effective energy source, it is just too expensive to produce at this point in time.Big Instos wouldn't be investing in hydrogen if it were totally useless, even Amazon is using it to power equipment.
A few hospitals have made use of it, too.
Australia would rather spend money on the Olympics to raise the cost of land tax and increase house values.
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And the big insto are just making hydrogen ETFs and reselling these to the ones naive enough to go there, or to the latest EDIHydrogen isn't useless, it is a very effective energy source, it is just too expensive to produce at this point in time.
Too expensive because Australia is cheap, no foresight and can't see past its own nose.Hydrogen isn't useless, it is a very effective energy source, it is just too expensive to produce at this point in time.
They were quick to dump FMG like a brick.And the big insto are just making hydrogen ETFs and reselling these to the ones naive enough to go there, or to the latest EDI
A sucker born every minute was the saying.
When money is to be made, it is via private funds first .why share ?
So no, not yet ready, which is a shame as on paper H2 is perfect to store day sun energy for the night.
But we have options..expensive batteries, water or weight and gravity.
Sadly, this is not part of the mandated requirements to grid providers.
So a great opportunity for wise people with vision to make a killing..after all the iron ore is not used in Australia so the local blindness should not affect that businessThey were quick to dump FMG like a brick.
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