December 8, 2009

News from Copenhagen

Sean Kidney, convenor of the Carbon Bonds Initiative, is up in Copenhagen at the moment and is writing up some very interesting tidbits from the side-show.

I was particularly interested in this comment regarding renewables:

2. More practically, Q-Cells, one of the world’s largest photovoltaic solar companies, claims that solar cells have reached grid price parity in key markets, such as Italy and Germany. That means that solar cells are price comparable with fossil fuel energy (gas in Italy’s case) coal and gas for Germany. Big news! Why would you still build coal, let alone high-emission-potency gas?

Meanwhile, in Australia, we have a rather lacklustre 20% renewables target – slightly better than business as usual, but not by much.

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