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tscmacdonald.bsky.social
Energy & decarbonisation by way of physical chemistry and spin stuff. Sometimes folk music and dance.
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The market won't - and can't - save us, as climate transition needs the voluntary destruction of significant market value (=fossil assets). Markets are good tools for local optimisation problems withinin clear boundaries. It's insane to rely on them for the existential challenge of decarbonisation.

www.abc.net.au/news/2025-02... $2.4b in govt support for the Whyalla steelworks! Including $1.9b in capex support for the new owner (which can surely only be Rio?) - that sure seems like a lot of public underwriting with unclear public benefit for a soon-to-be-sold private asset

Valued guest author on @wattclarity.bsky.social, Allan O'Neil has fallen down a rabbit hole in providing us this wonderful explanation: wattclarity.com.au/articles/202... ... why the spot price is *not* simply just the highest-price bid dispatched!

Are energy-only markets like the NEM actually more effective at delivering flexible capacity than US-style capacity markets? We hear lots of concern about capacity shortfalls, but capacity is what volatile NEM price signals clearly *can* deliver. New bulk energy supply seems much, much harder!

Big spend here on on-site gas storage! I'm not sure if local fuel store requirements are avoidable on the grid we're heading towards, but I also don't really see the case for $450m+ of labyrinthine HP gas lines vs a big ol' tank of diesel at likely future capacity factors.

The past few weeks have seen some huge industrial policy announcements pass Australia's Federal parliament, including the Future Made in Australia Production Tax Credits and the $2bn green aluminium package. I want to explain why I think these are critical - but also what else is needed.

reneweconomy.com.au/agl-targets-... An absolutely massive and increasingly undeniable free rider problem here: major energy co's are spending billions on batteries to cash in on volatile market prices, but have near-zero interest in building the new renewables that will supply bulk demand.

un-AUSTRALIAN

Rare auspol thought: we're about to enter a campaign where candidates will struggle for attention against a backdrop of daily US chaos and corruption. The ALP should commit to establishing a federal ICAC. No need to mention the US; just talk about corruption every day and ride the wave of salience.

i am grateful to Trump and especially Musk for making so powerful and visceral a case that wealth taxes — at levels quite confiscatory for a while, to remedy past lassitude — are an absolute necessity, prerequisite to a sustainable democratic society.

I think countries around the world should levy tariffs specifically on Tesla in response to US tariffs, as well as banning Twitter as a national security threat driving a wedge between our co-dictators may be the most effective thing they can do

I think it's now clear that local culture is simply not compatible with allowing foreign tech to monopolise entire spheres of human expression. If we value a future where culture is in anyway local - and I think we should - agglomerators like Spotify or Netflix to be shunned and excluded.

Morning Aussie parochialism thought: it's wild that the Heathrow third runway project has been opposed on climate grounds for years, while Sydney has built an entirely new international airport seemingly without *any* discussion of what this means for decarbonisation.