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Clean Energy Finance Corporation
The Clean Energy Finance Corporation (CEFC) is an Australian Government-owned green bank that invests in clean energy, to help achieve Australia's national goal of net zero emissions by 2050. The CEFC invests billions of dollars on behalf of the Australian Government in economy-wide decarbonisation opportunities. It aims to help transform the Australian energy grid, as well as supporting sustainable housing initiatives, and climate tech innovators. It was established by and operates under the ''Clean Energy Finance Corporation Act 2012'', along with other subsidiary legislation. Steven Skala is CEFC chair and Ian Learmonth is CEFC Chief Executive Officer. History The CEFC was established under the ''Clean Energy Finance Corporation Act 2012'' (CEFC Act), passed by the Parliament of Australia on 22 July 2012. It was established on 3 August 2012 and commenced making investment commitments from 1 July 2013. The organisation did not always enjoy the support of Government. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clean Energy
Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs." Definitions of sustainable energy usually look at its effects on the environment, the economy, and society. These impacts range from greenhouse gas emissions and air pollution to energy poverty and toxic waste. Renewable energy sources such as wind, hydro, solar, and geothermal energy can cause environmental damage but are generally far more sustainable than fossil fuel sources. The role of non-renewable energy sources in sustainable energy is controversial. Nuclear power does not produce carbon pollution or air pollution, but has drawbacks that include radioactive waste, the risk of nuclear proliferation, and the Nuclear and radiation accidents and incidents, risk of accidents. Switching from coal to natural gas has environmental benefits, including a lower climate change, climate impact, but may lead to a delay in switching to mor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malcolm Turnbull
Malcolm Bligh Turnbull (born 24 October 1954) is an Australian former politician and businessman who served as the 29th prime minister of Australia from 2015 to 2018. He held office as Liberal Party of Australia, leader of the Liberal Party and was the member of parliament (MP) for the New South Wales division of Division of Wentworth, Wentworth from 2004 to 2018. Born in Sydney, Turnbull graduated from the University of Sydney as a Bachelor of Arts and a Bachelor of Laws, before attending Brasenose College, Oxford, as a Rhodes Scholarship, Rhodes Scholar, earning a Bachelor of Civil Law degree. For more than two decades, he worked as a journalist, lawyer, merchant banker, and venture capitalist. He was Chair of the Australian Republic Movement, Australian Republican Movement from 1993 to 2000, and was one of the leaders of the unsuccessful "Yes" campaign in the 1999 Australian republic referendum, 1999 republic referendum. He was first elected to the Australian House of Repres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Organizations
Energy () is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, the internal energy contained within a thermodynamic system, and rest energy associated with an object's rest mass. These are not mutually exclusive. All living organisms constantly take in and release energy. The Earth's climate and ecosystems processes are driv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Change Organisations Based In Australia
Climate is the long-term weather pattern in a region, typically averaged over 30 years. More rigorously, it is the mean and variability of meteorological variables over a time spanning from months to millions of years. Some of the meteorological variables that are commonly measured are temperature, humidity, atmospheric pressure, wind, and precipitation. In a broader sense, climate is the state of the components of the climate system, including the atmosphere, hydrosphere, cryosphere, lithosphere and biosphere and the interactions between them. The climate of a location is affected by its latitude, longitude, terrain, altitude, land use and nearby water bodies and their currents. Climates can be classified according to the average and typical variables, most commonly temperature and precipitation. The most widely used classification scheme is the Köppen climate classification. The Thornthwaite system, in use since 1948, incorporates evapotranspiration along with temperature ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renewable Energy In Australia
Renewable energy in Australia is based mainly on biomass, solar photovoltaics, solar, wind power, wind, and hydroelectricity, hydro generation technologies. Over a third of all electricity generated in Australia is now from renewable sources, a proportion that is increasing in line with global trends . Australia's Energy Market Operator Australian Energy Market Operator, AEMO reports the nation could Coal phase-out, phase out coal power before 2040. History Australia has large fossil fuel reserves, and most states historically developed an energy network heavily reliant on coal. However, in Tasmania, the first hydro-electric scheme began producing electricity as early as 1916. Hydro Tasmania is now the main energy provider in that state. In mainland Australia, large-scale projects such as the Snowy Mountains Scheme, Snowy Mountains Hydro scheme have produced renewable energy since the 1970s. Australian researchers at UNSW set up the first solar research lab in 1974, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Finance
Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of equity investors, known as 'sponsors', and a 'syndicate' of banks or other lending institutions that provide loans to the operation. They are most commonly non-recourse loans, which are secured by the project assets and paid entirely from project cash flow, rather than from the general assets or creditworthiness of the project sponsors, a decision in part supported by financial modeling; see Project finance model. The financing is typically secured by all of the project assets, including the revenue-producing contracts. Project lenders are given a lien on all of these assets and are able to assume control of a project if the project company has difficulties complying with the loan terms. Generally, a special purpose entity is created for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Electricity Market
The National Electricity Market (NEM) is an arrangement in Australia's electricity sector for the connection of the electricity transmission grids of the eastern and southern Australia states and territories to create a cross-state wholesale electricity market. The Australian Energy Market Commission develops and maintains the Australian National Electricity Rules (NER), which have the force of law in the states and territories participating in NEM. The Rules are enforced by the Australian Energy Regulator. The day-to-day management of NEM is performed by the Australian Energy Market Operator. NEM operations began on 13 December 1998 and currently covers Queensland, New South Wales, Australian Capital Territory, Victoria, Tasmania and South Australia. Western Australia and the Northern Territory are not connected to the NEM. The NEM comprises five regions, with the ACT being in the NSW region. Tasmania joined the NEM in May 2005 and became fully operational on 29 April 2006 w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Policy Of Australia
Energy policy in Australia is managed by the states and territories as well as at the federal level. The federal government sets the broad energy framework, including national targets for renewable energy, emissions reduction, and energy security. It is responsible for implementing national energy policies, overseeing the operation of the National Electricity Market, national electricity market (NEM), regulating fossil fuel industries, and managing energy subsidies and tax incentives. Additionally, the federal government plays a key role in coordinating national energy infrastructure projects, including large-scale renewable energy initiatives, and sets legislation that governs energy efficiency standards, and environmental protections. State and territory governments in Australia are responsible for implementing energy policies at the local level, including managing energy infrastructure, overseeing electricity networks, and setting state-specific renewable energy targets. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Renewable Energy Agency
The Australian Renewable Energy Agency (ARENA) is an independent agency of the Australian federal government, established in 2012 to manage Australia's renewable energy programs, with the objective of increasing supply and competitiveness of Australian renewable energy sources. History The Australian Renewable Energy Agency (ARENA) resulted from negotiations within the Australian parliament under the Gillard government (June 2010–June 2013), with the intention of providing more secure funding for renewable energy programs in the context of political changes. Legal establishment came with the passing of the ''Australian Renewable Energy Agency Act 2011'' (ARENA Act), which passed parliament in November 2011 with the support of the Australian Greens and the Liberal and National Coalition opposition as well as the governing Labor Party. ARENA was established in 2012 as an independent statutory authority to manage the government's renewable energy programs, and commenced op ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Register Of Legislation
The Office of Parliamentary Counsel (OPC) is an Australian Commonwealth government agency established under the ''Parliamentary Counsel Act 1970'' (Cth) within the Commonwealth Attorney-General's portfolio. OPC drafts all government Bills that are introduced into the federal Parliament, legislative instruments made by the Governor-General, and a range of other delegated legislation. It also manages the Federal Register of Legislation (the ''Legislation'' ''Register'') to provide access to authorised, up-to-date versions of Commonwealth laws. OPC was established in 1970 and is currently led by Meredith Leigh, First Parliamentary Counsel. History Arrangements for the drafting of Commonwealth legislation were put in place at the very beginning of Australia's federation as a nation in 1901. Originally, the Secretary to the Attorney-General's Department was the Parliamentary Draftsman, with a separate position not created until 1946. By 1954, a Parliamentary Drafting Division had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament House, Canberra
Parliament House is the meeting place of the Parliament of Australia, the Legislature, legislative body of Politics of Australia, Australia's federal system of government. The building also houses the core of the Executive (government), executive (the Australian Government), containing the Cabinet of Australia, Cabinet room and Prime Minister's Office (Australia), offices of the Prime Minister and other federal ministers. Located in Canberra, Parliament House is situated on the southern apex of the Parliamentary Triangle, National Triangle atop Capital Hill, Australian Capital Territory, Capital Hill, at the intersection of Commonwealth, Adelaide, Canberra and Kings Avenues enclosed by the State Circle. Parliament House was designed by Mitchell/Giurgola & Thorp Architects and constructed by a joint venture comprising Walter Construction Group, Concrete Constructions and John Holland Group, John Holland. The building replaced Old Parliament House, Canberra, Old Parliament House ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
