Your regular deep dive into recent reports on climate and energy with Frankie Muskovic, Luke Menzel and Tennant Reed. Because there is too much.
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You Must Remember Hon, A Tonne Is Not A Tonne, On That You Can Rely
Newly informed and inspired by generous listener survey responses, LMSU bullseyes the 1 hour median YOU demanded! That’s the power of data.Carbon Leakage Corner:This ep we start with the Australian Government’s Carbon Leakage Review, which has found its supreme commander in the form of universally respected ANU boffin Prof Frank Jotzo. Somehow Tennant discusses this without CBAM taking over the whole episode. Our main paper:… is the Climate Change Authority’s April 2023 “Reduce, remove and store: The role of carbon sequestration in accelerating Australia’s decarbonisation”It’s a thought provoking one with plenty of policy ideas for lifting the quality, readiness and deployment of sequestration without de-prioritising emissions cuts. And it marks an evolution in CCA thinking beyond the old paradigm of “a tonne is a tonne”. 🎶 A lot of T’s and C’s apply, as DACCS goes by...🎶You may want to pre-listen to Episode 18 of LMSU, on 'The State of Carbon Dioxide Removal' global report, which sets out a lot of the science and problems to which the CCA is providing policy responses.One more things:Alison’s One More Thing is an ill wind that blows no good in the UKTennant’s One More Thing is the 7th Australia-China High-Level DialogueLuke’s One More Thing is Ron Ben-David’s latest paper - a selection of more specific solutions to the issues with Australian energy market governance raised last episode by the Notorious RBD. Plus a handy write up of both by Ben Potter in the Fin! Another episode sequestered, but for how long? Watch for podcast leakage, vigilant Summerupperers, and send further thoughts and papers to [email protected] or via @LukeMenzel, @TennantReed, @alison_reeve and @FrankieMuskovic.
"Mo Energy Market Mo Energy Problems (NEM Diss Track)” feat. The Notorious RBD
Frankie’s maternity leave is well underway (it’s a girl!) meaning a new host graciously filling in (Alison Reeve) and a new shownote-writer rather less graciously filling in (Tennant).After briefly speculating on the virtues of peak energy nerd board game Power Grid (none of us have played it, but we hear good things!) we make a fresh listener appeal: tell us how we’re doing with the podcast and what you want, including shorter/longer episodes and more/less energy/Dungeons & Dragons crossover content, in our quick and easy survey. You’ll be glad you did!Then it’s a quick tour of the climate bits of the 2023 Intergenerational Report (IGR). Treasury’s latest take on the fiscal long term view has much more to say about climate than ever before. But is it any good?Our main paper this time is “Rethinking markets, regulation and governance for the energy transition” by Dr Ron Ben-David, arch-econocrat, ex-head of the Victorian Essential Services Commission, original-recipe NEM contributor, and deep thinker on markets and regulation. The Notorious RBD now reckons our whole energy market design and associated regulatory and governance structures are increasingly unsound given the move from a steady-state energy system to massive transition. He offers a lot of energy policy provocations, a dash of literary reference and a splash of AI conspiracy. Well worth a read as well as a listen!Tennant’s One More Thing is the tiny deckbuilding videogame Green New Deal Simulator by Paolo Pedercini - get it for free on iOS, Android or Steam and get ready to chortle (or bristle) at the policy judgments embedded in its simple game mechanics!Alison’s One More Thing is the 19th anniversary of Australian jurisdictions’ agreement to introduce mandatory disclosure of energy efficiency of residential property at the time of sale or lease. But PSYCH! because only the ACT has got around to doing this. So far!Luke’s One More Thing is the NSW response to Victoria’s statewide decision to end new residential gas connections starting in 2024: The Premier says nope, won’t follow; but several councils say “yep, we’re doing our own thing.” A seamless national economy in the making!And that’s the episode that was, beloved Summerupperers! Keep circulating the policy papers, or at least emailing them to [email protected], and xeeting further thoughts at us via @LukeMenzel, @TennantReed, @alison_reeve and - if new baby permits time to scroll X: The Everything App - @FrankieMuskovic.
GenCost or GenCON?! Level Heads on Levelised Costs
It’s GAS CRISIS CORNER redux this week and so 2022 as European gas markets were seriously spooked. Russia? Nyet this time! In fact a response to developments far closer to home with potential industrial action at WA offshore LNG plants owned by Chevron and Woodside driving prices up by 40%. Yikes! With these plants collectively responsible for over 10% of global gas exports your intrepid hosts wondered whether the diversification juggernaut could be coming for Oz LNG. We shall see.GenCost or GenCON? That is the question Sumerupperers as An Honest Broker, A Cleanskin and An Ultra Centrist unpack the latest annual offering from CSIRO and AEMO in GenCost 2022-23: annual electricity cost estimates for Australia. We’ll let you find out which one of us claims to be the Honest Broker as we chat through the latest cost estimates for all the technologies (inflation impacts inbound!) and just why this annual affair always attracts antagonists keen to weaponise Levelised Costs of Energy. Tennant’s One More Thing is a recount of T. Reed’s Day Off with a recent escapade to an AGL Loy Yang A Energy Hub event and again manages a sneaky twofer in confirming the exciting prospect of previously purported room temperature superconductor LK-99 is in fact, not one.Luke’s One More Thing is a PSA for an awesome little outfit Psychology For a Safe Climate, dedicated to supporting people facing the reality of climate change. Focused on supporting mental health and wellbeing, we thoroughly commend their resources to refill your cup.Frankie’s One More Thing is her last One More Thing for a while! Off to birth a tiny human, Frankie dons her Global VP of Marketing and Extortion hat to IMPLORE YOU, our dear Summeruppers, to help us make the pod the best it can be by filling out this EXTREMELY SHORT AND PAINLESS SURVEY. REALLY WE PROMISE, THIS WON’T HURT A BIT. Please and thank you!And that’s all from us this week Summerupperers! We shall see you next time and until then, please keep tweeting your thoughts to us at @LukeMenzel, @TennantReed and @FrankieMuskovic and if you would like to weave some golden threads through our back catalogue, give us your feelpinions or suggest papers to read we are always here for that - hit us up at [email protected].
IEA Asks: Can You Dig It?
FLAMING HOT news out of Victoria – the State Government’s announcement of a ban on planning permits for gas connections to new homes from 1 Jan 2024 – had your intrepid hosts speculating on whether this is indeed the beginning of the end for domestic gas use in Australia. A big call but consensus was that this is an inflection point!And that wasn’t the only news to share with our Summeruppers this week. Dun dun DUNNNN!! It turns out that in addition to recording the occasional pod with Luke and Tennant, Frankie has been growing a tiny human who is about to make their debut! While Frankie will be taking a short break from the pod, we are delighted to announce that Luke and Tennant will not be left unsupervised and will be joined by friend of the pod, climate maven and lovely human-to-boot Alison Reeve. Welcome to the LMSU gang Alison!This week your intrepid hosts DIG DEEP to unearth the state of the world’s critical minerals through the International Energy Agency’s inaugural Critical Minerals Market Review 2023. Lithium, nickel, cobalt oh my - there’s something for everyone in this report, including HUUUGE opportunities for Australia. But not according to everyone. The Productivity Commission remains unconvinced. That didn’t stop Tennant from upping his meme game and finding a way to make this also about CBAM. Because ALL ROADS LEAD TO CBAM.Tennant’s One More Thing was actually Two More Things: a reflection on the highs and lows of his recent trip to Darwin for the Developing Northern Australia Conference, followed some excited speculation on a paper claiming discovery of a room-temperature, normal-pressure superconductor. Is it legit? We’ll see!Frankie’s One More Thing is Chris Bowen’s announcement the government will develop six sectoral plans as part of the long awaited One-Net-Zero-Plan-to-Rule-Them-All. Due by the end of 2024 they will be delivered with the hotly anticipated 2035 interim target. Watch this space.Luke’s One More Thing is a plug for his other pod (outrageous isn’t it) First Fuel in which he unpacks all things ELECTRIFICATION with the guru of gurus Jan Rosenow. Get it in your ears NOW people!And that’s all from us this week Summerupperers! We shall see you next time and until then, please keep tweeting your thoughts to us at @LukeMenzel, @TennantReed and @FrankieMuskovic and if you would like to weave some golden threads through our back catalogue, give us your feelpinions or suggest papers to read we are always here for that - hit us up at [email protected].
What The World Needs Now Is Wonks, Climate Wonks (1965)
In this week’s very special episode, your intrepid hosts eschew the usual compilation of current climate affairs (it’s not like much is happening anyway) and jump into the LMSU DeLorean to time warp our way back to 1965 USA where the ties are paisley, the clothes psychedelically tie-dyed and the climate science prescient (albeit mostly being done by a bunch of white guys).For this week’s paper we present to you Summerupperers a veritable rolled gold classic climate paper, ‘Restoring the Quality of Our Environment - Report of the Environmental Pollution Panel’ from the President’s Science Advisory Council, commissioned by then US President Lyndon B. Johnson. Delving specifically into Appendix Y4, ‘Atmospheric Carbon Dioxide’ this is a truly seminal paper that invokes the earliest use of the term ‘climatic change’, sets out the emerging science around increasing CO2 which had only recently started to be accurately measured, and puts it on the radar of a national government for the first time. We certainly had some thoughts on the things the paper did and didn’t say and even wondered what we would have done had we been given the chance to brief LBJ on climate change in 1965 (hint, check out our LMSU Holiday Special 2022: Don’t Sum Up). We heartily commend this paper to you Summeruppers, unearthed by Tennant from the excellent website Skeptical Science.We always have One More Thing to say and Luke gave a shout out to a paper that was mentioned (but then forthcoming) in this week’s paper from the US Weather Bureau that promised more advanced climate modelling that confirmed and built on thrust of what the President’s Science Advisory Council had to say in 1965.And that’s all from us this week Summerupperers! We shall see you next time and until then, please keep tweeting your thoughts to us at @LukeMenzel, @TennantReed and @FrankieMuskovic and if you would like to weave some golden threads through our back catalogue, give us your feelpinions or suggest papers to read we are always here for that - hit us up at [email protected].