Blogotariat

Australia has joined a Colombian government initiative to plan a phase out of oil, gas and coal marking the strongest statement the government has made regarding the future of fossil fuels.

Calls for a "Consumer Duty" in Australia's energy market cannot ignore the 15,000 First Nations households who must rely on prepayment electricity meters.

Ukraine said Saturday that its officials will meet US counterparts in Switzerland to discuss Washington’s proposed peace plan. Kyiv will seek to push back against provisions that mirror some of Moscow’s toughest demands, while European leaders said the US plan "is a basis which will require additional work". 

European leaders say US plan for Ukraine 'requires additional work' ahead of Geneva talks

Hosting a UN climate summit should be about global cooperation on combating climate change. Australia’s bid for COP31 reveals how far COP has drifted.

The US is one big grift these days: the Trump Administration, traditional and social media, corporations, crypto, financial markets are all selling some kind of spurious promise. It’s hard to pick the most egregious example. But for me, it’s hard to go past Tesla. Having lost its dominant position in the electric car market, the company ought to be on the edge of delisting. Instead, its current market capitalisation is $US1.33 trillion ($A 2 trillion). Shareholders have just agreed on an incentive deal with Elon Musk, premised on the claim that he can take that number to $8.5 trillion.

Earlier this week, the American people were “reliably” informed by the left-wing press that the full grand jury that indicted disgraced former FBI Director James Comey did not see the final indictment.

As a very difficult decision is looming for Zelenskyy, the weight of history is making the choice for him. Carry on fighting and lose more territory [at a rate of 1,200 DEAD soldiers per day] — or go with Donald Trump 28 points plan for peace and accept the losses. Honest observers and serious military experts cannot expect a return to 1991. According to some expert:

1991 — Ukraine has a population of 55 million

2014 — Ukraine has a population of 44 million

A big battery located next to a substation, on land used as a gravel pit, attracts no objections from people within 50 kms. But long distance antis force a review.

International Reading: Top Economist Warns Trump Tariffs Effectively Impose Tax Rate On Low-Income Households That Is Triple Of High-Income Ones – Bezinga ‘China was playing chess while the rest of us were playing checkers’: Bombshell study finds $200 billion of secret loans to U.S. businesses over 25 years  – Fortune Low-income Americans being priced out

The post Weekend Reading and MB Media Appearances appeared first on MacroBusiness.

Not quite a bath of blood on Asian equity markets today but it has been a pretty broad selloff in response to the volatility on Wall Street overnight. Currency land was more sanguine with even the Japanese Yen relatively stable amid a new big stimulus package announced by the Japanese government while local shares hit

The post Macro Afternoon appeared first on MacroBusiness.

Energy market operator wants a longer heads up on coal plant closure and much shorter delivery times for crucial new grid stabilising resources as part of a new rule change request.

This is right, but for the wrong reason. Former Liberal treasurer Peter Costello has accused the Productivity Commission of failing to use its statutory independence to tell “inconvenient truths” to the Albanese government about the causes of the nation’s waning productivity, declaring the agency had become “politically correct”. Blaming the “arcane” award system for a raft of

The post Where did the PC’s “growth mindset” go? appeared first on MacroBusiness.

Five young economists from Deloitte have rejected calls to lower immigration to alleviate housing pressures, instead arguing that migrants are part of the housing solution: The young economists argue migration is a solution to the housing supply gap rather than a problem because it will help fill skills shortages in the construction industry. They say

The post Young Deloitte economists fail basic economics appeared first on MacroBusiness.