Good morning, Australia will need to install 16 times its current capacity of batteries and pumped hydro by 2050, while large-scale wind and solar generation capacity will have to jump six fold if the country is to deliver its transition to net zero emissions, AEMO says. The corporate regulator has been forced into an embarrassing backdown after deeming Melbourne-based property developer Paul Chiodo a flight risk based on the travel bookings of a Swiss family with the same surname. The federal government has approved the $1bn expansion plan of Senex Energy , owned by South Korean steel giant Posco and Gina Rinehart’s Hancock Prospecting, in a decision that will temper some concerns over medium-term gas supplies on Australia’s eastern seaboard. |