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Industry to face ‘strict tests’ for public funding to incentivise green energy, Jim Chalmers says

The Guardian: Energy

The treasurer says there must be “generational change” in Australia to match similar major green economy programs being undertaken by other nations including the US. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading.

Energy 46
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Victorian government told emissions targets at risk under plan to increase taxes on renewable energy providers

The Guardian: Energy

Renewable energy providers could pay up to 20 times more tax if a bill being debated in Victorian parliament passes, according to industry experts. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading.

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Australian super fund puts billions into backing Britain’s energy transition

The Guardian: Energy

The decision by IFM – which is owned by 17 Australian industry super funds – comes as a coalition of business and environmental groups calls on the Albanese government to supercharge tax and other financial incentives to ensure Australia can attract sufficient capital to drive the domestic transition to net zero emissions.

Energy 55
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An EV laggard reverses course—Australian’s New South Wales announces promising pro-EV policy package

Charged

Australia is one of the least charged of the world’s wealthy countries. During the 2019 elections, Prime Minister Scott Morrison characterized EVs as a threat to Australians’ way of life, and that seems to have set the tone for Australia’s EV policy, or lack thereof, ever since. That’s the bad news.

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Fortescue breaks ground on its Arizona Hydrogen plant

Hydrogen Fuel News

Fortescue, the global metal mining and green energy company based in Australia, has taken the next step in the development of its $550 million green hydrogen facility in Buckeye, Arizona, which it has named “Arizona Hydrogen” It marks Fortescue’s first of other planned green energy investments in North America.

Hydrogen 100
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GB News Owner Hires Tory Kingpin’s Oil and Gas Linked Lobbying Firm 

DeSmogBlog

One of the major backers of broadcaster GB News is now employing a leading right-wing lobbying company that has ties to polluting interests. The Legatum Group, the parent company of CT Group’s new client, was one of the founding investors in GB News, whose presenters include several Conservative Party and Reform UK politicians.

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Global Briefing: Top European truckmakers vow to phase out internal combustion engines

Business Green

All the green business news from around the world this week. Daimler, Scania, Man, Volvo, Daf, Iveco, and Ford signed a new pledge to phase out traditional combustion engines as they step up investments in hydrogen, battery technology, and clean fuels. It also called for a higher tax on carbon across Europe to help drive the change. "If