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Oz Blog News Commentary
MacroBusiness Monday, March 2, 2026 - 13:00 Source

Australia recorded a 1.9% decline in greenhouse gas emissions over the year to September 30, 2025: The result has Greg Jericho, chief economist at The Australia Institute, whining about Australia’s lack of ambition on carbon reduction. Jericho notes that Australia’s emissions are currently tracking 27.4% below 2005 levels. The 2030 target requires a 57% reduction and the 2035

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Renew Economy Monday, March 2, 2026 - 12:52 Source

squadron wind uungala nswSquadron Energy says 35 of 69 turbine foundations are complete at Uungala wind farm, taking it past the halfway mark. 

The post Concrete milestone at Forrest wind farm, with more than half of turbine foundations complete appeared first on Renew Economy.

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Renew Economy Monday, March 2, 2026 - 12:17 Source

In more than half of US states, Republican and Democratic lawmakers have introduced legislation that would boost adoption of DIY solar systems.

The post Balcony solar takes US by storm, as 27 states announce new plug-and-play PV laws appeared first on Renew Economy.

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Renew Economy Monday, March 2, 2026 - 12:05 Source

State-owned coal generator passes on option to buy what would have been Australia's largest publicly owned wind farm, leaving its developer to find a new path to financial close.

The post State generator bins plan for Australia’s biggest publicly owned wind farm, shifts focus to PPA appeared first on Renew Economy.

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MacroBusiness Monday, March 2, 2026 - 12:00 Source

Following the announcement of its East Coast gas reservation policy before Christmas, which plans to force Queensland LNG exporters to divert 15–25% of new supply into the domestic market, the Albanese government held its first formal consultation meeting on the proposed scheme. According to a report in The Australian, the meeting provided participants with little

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MacroBusiness Monday, March 2, 2026 - 11:30 Source

Chinese property does not look like it will bounce any time soon. Eeeeiiiiiuuuuu. LNY tourism was a bust in per capita terms. Cars need more stimmies. Energy use is stalled. Stimmies are already pumping. But too much is going into paying off old stimmies (now the highest cost to local governments). The new economy is

The post Shrinking China piles debt upon debt appeared first on MacroBusiness.

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Your Democracy Monday, March 2, 2026 - 11:08 Source

Australia has declared its support for US action against Iran to prevent it from obtaining a nuclear weapon and “to prevent Iran continuing to threaten international peace and security”.

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MacroBusiness Monday, March 2, 2026 - 11:00 Source

Melbourne’s water storages have fallen to 69.7%, the lowest level since July 2020 and on a trajectory similar to the Millennium Drought. This has prompted warnings that water restrictions may return if usage doesn’t drop. Late January water usage hit 253 litres per person per day, far above the 150‑litre target set by authorities. In

The post Melbourne faces water Hunger Games appeared first on MacroBusiness.

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xkcd.com Monday, March 2, 2026 - 11:00 Source

Now that I've finally gotten an electric vehicle, I'm never going back to an acoustic one.

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Renew Economy Monday, March 2, 2026 - 10:33 Source

penny sharpe, kurri kurriWork underway on renewable energy zone that will add a gigawatt of hosting capacity to state's grid through new and upgraded network infrastructure.

The post Construction begins on coal country renewable energy zone, state’s first to upgrade existing network appeared first on Renew Economy.

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MacroBusiness Monday, March 2, 2026 - 10:30 Source

Chart from TME. The equity market is telling us that investors want stability over growth. With trailing valuations so high, this is no great surprise. Schiller PE, which has its problems says it’s 1999 all over again, When credit cracks, you must listen. Equity sell-offs led by credit sell-offs have the potential to go much

The post Sell, says market legend appeared first on MacroBusiness.

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Your Democracy Monday, March 2, 2026 - 10:15 Source

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MacroBusiness Monday, March 2, 2026 - 10:00 Source

Australian tenants have suffered immensely over the past five years, with rents growing nearly three times as fast as wages, according to Cotality. In the five years to February 2026, advertised rents have risen by 42% nationally, adding around $10,600 to the annual cost of renting the median home. As a result, the percentage of

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MacroBusiness Monday, March 2, 2026 - 09:30 Source

According to the latest Newspoll, the new LNP leadership has stemmed the bleeding but not much else. This result has to be very concerning. Labor is down one point to 32%, One Nation is unchanged at 27%, the Coalition is up two to 20%, while the Greens are down one to 11%. However, with 35%

The post One Nation delivers CGT and negative gearing reform appeared first on MacroBusiness.

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MacroBusiness Monday, March 2, 2026 - 09:00 Source

Following a fresh wave of bombing by the American madman and Israel on Iran, retaliation suggests wider implications for the region than previous rounds. With Supreme Leader Al Khamenei dead, there is ambiguity about who currently makes decisions in Tehran after major losses to Iranian leadership. Whether Iran’s Islamic Revolutionary Guard Corps (IRGC) withdraws under

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