Gas sector to replace mining as Australia’s main growth driver

2014.03.25 Australia’s mining sector will soon be placed in the backburner of the country’s economic growth drivers as a new study published by Deloitte Monday identified at least five new areas that are set to overtake the resources industry’s current position. In Deloitte’s report “Positioning for Prosperity? Catching the next wave“ the experts identify 25 sectorial hotspots with…

The energy transition tipping point is here

The economic foundations supporting fossil fuels investments are collapsing quickly, as the business case for renewables such as solar and wind finds a new center of balance. I have waited a long time—decades, really—for a tipping point in the energy transition from fossil fuels to renewables beyond which there can be no turning back. Fresh…

Coal’s сomeback year runs into trouble

2014.03.07 The U.S. coal industry is expected to have a comeback year in 2014, regaining some of the ground it lost in the electric power industry over the last 3 years or so. Low-cost natural gas shoved aside the coal industry, which has been plagued by rising costs and increasingly stringent environmental regulations. But the…