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The Humanicsxian: October 09: Issue 05
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First Published: September 24: 2015

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The Elleesium: England: UK: Year Ninth: Day 27: Friday: October 20: 2023: Cogito Ergo Sum: Descartes

 
 

 

 

 

I Question Therefore I Learn

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Australia: Snowy Hydro Gas Plant Expansions Likely to Be Fuelled With Taxpayer Funds

 

 

 

|| Wednesday: November 18: 2020 || ά. Careful scrutiny of Snowy Hydro’s latest financial results show the company is heading towards an uneasy reliance on government and taxpayer subsidies post 2021, throwing into serious doubt the government’s heady push for further gas expansion in a declining market, finds a new briefing note by the Institute for Energy Economics and Financial Analysis:IEEFA. Snowy Hydro, the Australian federal government owned hydro-electric power scheme, has announced bold ambitions to expand its gas-fired power generation facilities, backed by the Federal Government.

However, IEEFA analyst Ms Trista Rose says that these grandiose plans do not reflect the company’s 2019-2020 fiscal year results, which show a stark picture of haemorrhaging finances. “The company has produced its worst ever financial performance. Construction, financing and transmission costs for its flagship Snowy 02.0 project could reach A$10 billion from initial estimates of just $02 billion. It is now unlikely Snowy 02.0 will ever pay a commercial return. Instead, taxpayers are likely to bear the costs of this financially unfeasible project, as well as, the environmental burden.” says Ms Trista Rose.

Co-author of the Note IEEFA’s Mr Tim Buckley says that building new gas on top of deteriorating finances will place an enormous economic burden on the government and the taxpayer at a time when the global gas market is oversupplied, gas is cheap and the gas industry is contracting. The fossil gas industry is far from being an engine for recovery post COVID.” Says Mr Buckley.

“We are seeing very large contractions in employment in the gas industry, announcing of late staffing cuts of between 10% and 25%. Producers across Australia have put projects on hold, major companies like Santos and Shell have posted major write-downs and the industry globally, and, particularly, in the US, is suffering bankruptcy after bankruptcy. There’s a major contraction going on and using taxpayers’ money to stimulate a contracting industry is no way to get our economy going again.”

Gas use for gas-fired power generation in Australia has fallen 58% since 2014 as it has simply not been economic to produce baseload power with gas because gas in Australia is so expensive, ignoring all its emissions ‘externalities’, that the taxpayer already bares. The technology-driven energy transition is changing rapidly at the moment with renewable and storage now cheaper than new gas. Battery storage is now becoming grid-scale and with significant storage behind it, new gas is simply no longer economical. Batteries will take part of the gas market’s share.

“The gas industry in the first six months of this year alone announced $25 billion dollars in write-offs, which means that gas companies in Australia have lost between 58% and 69% of their value since January 2011.” says Mr Buckley. “Despite the billions, already invested into the gas industry over the last few years since Gladstone was developed, the returns, that were promised and the tax revenue promised simply have not eventuated.

“Energy Minister Angus Taylor’s technology-neutral approach seems to ignore the ever-larger battery projects being announced both here and globally with increasing frequency, as illustrated by AGL Energy’s newly announced, massive 250MW:1,000MWh battery proposal for South Australia. Subsidising a fossil gas expansion at Snowy Hydro is a very poor bet, creating double the trouble.”

Cost blow-outs at Snowy Hydro mean that the total estimated government exposure is now up to $10 billion or, approaching $16 billion when including the $06.2 billion, already spent in buying out NSW and Victorian state government equity interests. “The Federal government’s proposed but yet to be funded upfront equity injection of A$01.38bn is estimated to support Snowy for, approximately, 12 months only.” Says Ms Rose.

“We presume, Snowy will then look to secure public debt but its recently revised credit rating to ‘junk’ will make that difficult.” SandP has raised concerns over the long-term economic viability of the project, acknowledging the likely blow-out costs and the need for on-going extraordinary government financial support.

“Construction on Snowy 02.0 has only recently commenced and without any form of budget, costs may continue to spiral and it will be increasingly difficult to raise corporate debt.” says Mr Buckley. Snowy 02.0 will have to be supported at great cost by the Australian Federal government and its debt ultimately borne by Australian taxpayers with very few prospects of a return on investment anything like what has been claimed. This is no company to entrust with any new expansion, let alone gas.” 

The Institute for Energy Economics and Financial Analysis:IEEFA: IEEFA examines issues, related to energy markets, trends and policies. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy. ieefa.org

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Bundling Rooftop Solar Storage and an Electric Vehicle Becoming Cheaper in Australia

 

|| Tuesday: December 17: 2019 || ά. By 2024, it is going to be cheaper for Australian households to invest in solar, storage and an EV in combination, than in solar alone. A new IEEFA Report suggests Australia is on the cusp of another solar revolution. Australia has one of the world’s, if, not the world’s highest, uptake of rooftop solar. The country, also, has one of the world’s lowest developed country uptakes of electric vehicles, which can be charged from rooftop solar.

In 2018, just 0.2% of vehicles sold in Australia were electric cars. That’s roughly 1,800, and compares to more than 4,000 in New Zealand, which has about a quarter of the population Australia does. Mr Gerard Wynn from IEEFA says that exemptions from the GST and motor taxes, as well as, a government grant in the range of $6,500 dollars, could dramatically increase that uptake of electric vehicles.

“With not such big incentives, perhaps, an exemption from road tax and, possibly, a capital incentive to help buy the vehicle, you can capture that solar power, that you’re harnessing on your roofs, store that in a stationary battery, let’s say, in a garage and, then, use that stored solar to charge up an electric vehicle.” says Mr Wynn.

“By combining those three technologies, your solar panels, your battery and your EV, you’re driving now two sources of savings. Already, your solar panels are helping to save on the cost of running your household appliances. Now the panels are, also, helping to reduce the cost of, in this case, driving an electric vehicle.

I think this will play out not only because of Australia’s solar panels and solar market but, also, the falling cost of EVs. I think, it’s really interesting and it could be that Australia is actually on the cusp of something of an opportunity.”

Such incentives as Mr Wynn suggests, would take the current payback period for a solar battery and electric car package from his estimate of about nine years currently, to less than five currently, on IEEFA’s modelling. By the end of the decade, that payback period could be less than two years.

There could be another benefit, if, electric vehicle uptake went up based on rooftop solar. It’s an extra use for that route rooftop solar, which is currently destabilising the energy grid because of the production during the day time when demand is low. If, more people had electric cars and were charging them during the day time, that daytime demand would be much higher.

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O Newzi Newzeal O Kirikiwikaowanaka Rise and Fall Like Waterfalls Of Lights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pacific Islands Forum: Regional Leaders Must Act to Halt Escalating Child Health Crisis in Nauru

 

 

 

|| August 30: 2018: Amnesty International News || ά. The escalating health crisis for refugee children on Nauru and the Australian government’s shameful refugee policy must be at the top of the agenda, when the regional heads of governments meet at the Pacific Islands Forum:PIF next week, said Amnesty International, in an open letter co-signed by a coalition of 84 influential civil society organisations.

The letter urges PIF leaders to call for an immediate end to Australia’s cruel and abusive refugee policy, which has seen more than 2,000 women, men and children warehoused on Nauru and Manus Island in cruel and degrading conditions over the past five years. “Pacific Island leaders can not ignore this issue any longer and need to ensure that it is at the very top of the forum’s agenda.” said Ms Roshika Deo, Amnesty International’s Pacific Researcher. ‘’This is a desperate situation, that requires urgent action. Regional leaders must show that they will not stand by while the Australian government’s abusive policies continue to risk more lives. It is a stain on the region.”

Earlier this week three medical professionals warned that refugee children on Nauru are facing an unprecedented health crisis and are at real risk of death. Documents leaked to media in Australia show horrific incidences of self-harm, including, a 14-year-old child who ‘had poured petrol over herself and had a lighter’ and another 10-year-old refugee who ‘attempted to self-harm by ingesting some sharp metal objects’.

The release of this disturbing information came only a week after a critically ill 12-year-old boy was finally flown to Australia for medical treatment, following repeated delays by the Australian government in transferring him, despite medical advice, that he was at imminent risk of dying.

These shocking revelations come at a time, when the Australian government has begun winding back health services and other support to refugees, including, the removal of access to psycho-social support and translators in the last year. Amnesty International is calling on the Australian government to end offshore processing and immediately transfer refugees and asylum seekers in Manus and Nauru to Australia or to another safe third country. Pacific Island Forum leaders must ensure the human rights of refugees in their territories are protected. 

The Pacific Islands Forum, an inter-governmental organisation, that aims to promote co-operation among the countries of the Pacific, will take place in Nauru on September 03-06.

On July 19, 2013, Australia enacted a policy, that meant anyone, who arrived by boat anywhere in Australia, including, the mainland, would be barred from seeking asylum in the country. Instead, any persons arriving by boat would be transferred to Manus Island in Papua New Guinea or Nauru and, even, those recognised as refugees would never be allowed to settle in Australia.

More than 1,600 people remain on Manus Island, Papua New Guinea and Nauru, with the majority being assessed as refugees. Under a bilateral agreement, whereby the US government agreed to settle up to 1,250 refugees, nearly 400 refugees have been sent to the US in the past year. However, hundreds of people are likely to remain on Manus Island and Nauru in abysmal conditions indefinitely, with no clear plans for their future.

In Papua New Guinea, refugees and people seeking asylum have been violently attacked by locals, contractors and the authorities. In Nauru, there have been widespread reports of physical and sexual abuse, including, against women and children. :::ω.

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Regine Humanics Foundation Begins Its Journey Today: The Humanion Is Now A Regine Humanics Foundation Publication
 
 


|| April 06: 2018 || ά. The Humanion was first published on September 24, 2015 and has been run, since that day, on a complete voluntary basis without any 'formal' or 'constituted' manner or form and, it was run on as a Human Enterprise, which is an idea of Humanics, in which, ownership is replaced by belongingship and, thus, in a Humanical Society, no one owns anything but everyone belongs to the whole as the whole belongs to everyone lawfully and equally and, it neither believes in nor makes money but human utilities, needs, aspirations, creativity, imagination and dreams are served without money, where everyone works and creates for all others as all others create and work for all others, thus, bringing in meaning and purpose to life along with it come natural justice, equality and liberty, that establish a true civilisation within the Rule of Law. And in one word, this system of human affairs management is called, Humanics and a society that runs itself in humanics is called a humanical society. Today, we have begun the process of 'constituting' this Human Enterprise, which does not exist in the current system, but the next closest thing to it, that exists in the UK Law is Social Enterprise. Therefore, today, Friday, April 06, 2018, we are beginning Regine Humanics Foundation, that is the 'Agency', that will lead, run, manage and develop everything, that The Humanion has been trying to do.

Regine Humanics Foundation is established by the Thinker, Author, Poet, Novelist, Playwright, Editor of The Humanion, Festival Director of London Poetry Festival and a Humanicsxian: hu: maa: neek: tian: One, that believes in, lives and exists by Humanics, Mr Munayem Mayenin, of London, England, United Kingdom. Mr Mayenin says, ''Humanics is a vision; people, may, call it, utopia, we, call it our Humanicsovicsopia; Humanics. Humanics is our philosophy, our faith, our conviction, our resolution, our way of existing, thinking, being and doing: to seek and try to do so in the determination that all we must do and be is to exist to advance the human condition. People, readers and agencies and organisations, from all across England, Scotland, Northern Ireland, Wales and the whole of the United Kingdom and Australasia, Africa, Asia, Europe, North and South America, from all walks and strata of life, have supported our endeavours, supported The Humanion and The Humanion Team, who volunteered their time to run things, since the beginning of The Humanion and long before that, when other things, that are now part of The Foundation, were developing. Nothing has changed in terms of the nature and value of what we have been seeking to do.''

''But the founding of The Foundation brings it all in a solid foundation so that we can keep on building this 'vision' so that it keeps on going regardless of who come to take the vision-mission of The Foundation forward. The Foundation runs along with time and along with the flowing humanity. This is the dream, this is the vision, this the hope in founding this Foundation. And, in this, we hope and invite all our readers, supporters, well wishers and all agencies and organisations to support our endeavours to build something, a Human Enterprise, which we are in the process of registering as a Social Enterprise, as a Community Interest Company, working for the common good of the one and common humanity. No one makes or takes profit out of The Foundation, which now runs The Humanion and everything else, that is part of it. The Foundation, once registered, will have an Asset Lock, which means that in any event, should The Foundation dissolve itself, all its existing assets shall go to a similar Social Enterprise. Therefore, we invite everyone to support The Foundation, support The Humanion in whatever way they can. And, there are endless number of ways people and organisations can support The Foundation and The Humanion.'' ::: ω.

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Year Ninth: Day 27: Friday: October 20: 2023: The Humanion: We Are One

 

 

 

 

 

 

 

 

 

 

Life's Laurel Is You In One-Line-Poetry A Heaven-Bound Propagated Ray Of Light Off The Eye Of The Book Of Life: Love For You Are Only Once

 

 

 

 

 

I Question Therefore I Learn

 

Life: You Are The Law The Flow The Glow: In Joys In Hurts You Are The Vine-Songs On The Light-Trellis

 

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End Homelessness The Humanion Campaign: Because Right to a Home for Every Human Soul is a Foundational Human Right

 

 

 

 

 

 

A: Absolute Right to Live in Clean, Healthy, Safe and Natural Environment: B: Absolute Right to Breathe Natural, Fresh, Clean and Safe Air: C: Absolute Right to Necessary Nutritional Balanced Food and Drink: D: Absolute Right to Free Medical Care at the Point of Need: E: Absolute Right to an Absolute Home: F: Absolute Right to Free Degree-Level Education and Life Long Learning: G: Absolute Right to Guaranteed Social Care: H: Absolute Right to a Universal Income: I: Absolute Right to a Job: J: Absolute Right to Dignified Civic and Human Funeral Paid Through by Universal Income
 
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|| All copyrights @ The Humanion: London: England: United Kingdom || Contact: The Humanion: editor at thehumanion.com || Regine Humanics Foundation Ltd: elleesium at reginehumanicsfoundation.com || Editor-In-Chief: Munayem Mayenin || First Published: September 24: 2015 ||
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