#portmoresby

Why doesn’t Atlassian lead the charge if it is such a great idea?

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Atlassian Co-Founder Mike Cannon-Brookes (MCB) has put forward a vision that is so compelling for Australia to junk its $70bn coal industry, it is a real wonder why he has not decided to deploy the tech giant’s own capital to seize those obvious riches? He believes coal will be worth zero in 15-25 years. If it is such a dead industry, can he explain why China’s coal-fired power (great infographics here) has grown from 200GW in 2000 to over 900GW today? Or India that has grown from 61GW to 221GW of coal-fired power gen? Why would Adani persevere in the face of 8 years of government and regulatory roadblocks in Queensland if coal wasn’t on the menu for India’s future?

The International Energy Agency (IEA) notes the following on coal,

Coal power generation increased 3% in 2018 (similar to the 2017 increase), and for the first time crossed the 10 000 TWh mark. Coal remains firmly in place as the largest source of power at 38% of overall generation. Growth was mainly in Asia, particularly in China and India.

Note in the following map, yellow and red are levels of intensity and in operation. Grey is that idled or shut down.

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Global wind and solar installations account for about the same as China’s current coal-fired power capacity.

MCB’s idea that we should export the sun and wind is utterly fanciful. The amount of transmission loss over distances in Australia would be massive. Our own energy market operator, AEMO, noted that energy transmission losses for those wind and solar farms located furthest from the main load hubs, in north Queensland, western NSW and some in Victoria could suffer marginal loss factors (MLF) of up to 22%.

To think our closest neighbours – New Zealand, Papua New Guinea & East Timor – are at least 200km away from our extremities. At least 500km to major city centres like Port Moresby. That is assuming our ecomentalist Department of Environment would fast track approval for Cape York and the Daintree Forest to be logged and turned into a wind and solar park to then run some cable to Port Moresby. The problem with MLF is that if Port Moresby demanded 1MW of energy, then it would need to pay for more than it needed to anticipate the MLF which would grow the further the demand was from the main load hubs that could supply it.

To add to the problem, Australia’s ridiculously high power prices would be completely unattractive to the likes of Papua New Guinea. They would be better off ignoring Australia’s transmission and self-supply. That is exactly what it is doing. PNG currently get 30% of its power from hydro, 40% from gas and 24% from oil. Note it has signed a memorandum of agreement to install, you guessed it, a 60MW coal-fired power station in Lae. Energy security is on the menu.

MCB has suggested we set up local manufacturing to harness all of our local resources. Once again, a great idea on paper, but in practice, our prowess in low-cost manufacturing has a terrible track record. The now defunct auto industry is exhibit A on that plan.

As is so often the case for celebrity billionaires, thought bubbles are often free to them but costly to others. Tesla shareholders know that feeling. Who could forget JCB’s retweet of Greta Thunberg at the time of the election, imploring Australians to “not f*ck it up“??

MCB may drive a Tesla and have plans to make Atlassian 100% powered by renewables by 2025 but for the sake of shareholders it best he sticks to his core business unless he plans to divert capital to diversify Atlassian and harness this green future. Perhaps he should put Greta Thunberg on the Atlassian board as an executive director on renewable exports?

Move Fijians to higher ground? No need

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We can take Liberal MP John Alexander’s comments about suggesting Fijians move to higher ground to escape the effects of climate change ahead of an election as poorly thought out or we can examine what is really happening. Fiji’s Prime Minister Frank Bainimarama had recently asked Australia, to stop burning coal as it was impacting water levels. Australia’s emissions are so tiny that it would have no impact at all. Still, it isn’t a bad way to ask for guilt payments. Who could forget the PNG government buying a fleet of gas-guzzling Maseratis with the $150mn in aid money from Australia? So much for saving the planet in Port Moresby!

Virginie K. E. Duvat of the Institut du Littoral et de l’Environnement, University of la Rochelle-CNRS, La Rochelle sponsored by the French National Research Agency; French Ministry of Environment, Energy and Oceans (MEEM) wrote.

Analysis “using tide gauges and satellites showed 30 Pacific and Indian Ocean atolls including 709 islands, revealed that no atoll lost land area and that 88.6% of islands were either stable or increased in area, while only 11.4% contracted.

This confirms a 2010 study by Webb & Kench which revealed,

that 86% of islands remained stable (43%) or increased in area (43%) over the timeframe of analysis. Largest decadal rates of increase in island area range between 0.1 to 5.6 ha. Only 14% of study islands exhibited a net reduction in island area. Despite small net changes in area, islands exhibited larger gross changes.

There is a growing trend of laziness in the media. Noone bothers to seek facts. See a headline, think it feeds a narrative and publish it. Truly pathetic. Yet this lack of will to make any effort will end up costing everyone because complacency breeds mistakes.

40 Maseratis for PNG shows commitment to combat climate change

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Last month Australia was beaten over the head for not helping the Pacific Islands cope with the dangers of climate change which is causing those countries to supposedly slip below the waves. What better way to use part of the $150mn in aid money from Australia to buy gas guzzling sports limousines from Italy.

Of all the 4-door cars least suited to the PNG climate, Maseratis would be top of the list. Pot holed roads, firm suspension  and 20inch alloy rims wouldn’t work so well neither would the high performance V6s help lower the CO2 content that is such a grave risk to their survival. Lord only knows why anyone would pick an Italian car to stand up to corrosion by the sea side?!? To the best of CM’s knowledge a Maserati Port Moresby dealership does not exist,

Yet we shouldn’t forget that as angry as we have every right to be in Australia, these islands know how strategically important we are to them for national security that we should count ourselves lucky they didn’t go for the 4.7 litre high performance V8s with the optional high performance pack.

China’s President Xi has visited these islands in the Pacific. Our Aussie PMs Turnbull and Morrison have just sent the Foreign Minister showing a lack of priority. We just take for granted that cutting cheques should be enough to curry favour.

Do we really believe the $12mn gift from China to install CCTV cameras in PNG is for the locals’ benefit? Beijing will happily monitor everything, including facially recognizing our politicians when they visit. Might as well bug the meeting rooms while they’re at it! All because we’re too daft to think just because we have history that gives us a leg up over China. Best think again.

At the very least signing FTAs with these island nations won’t even be a rounding error for China’s GDP but there is no question we are way behind on diplomatic negotiations.

So when they buy Maseratis with our taxes we should not bat an eyelid. It’s a pittance in terms of what places like PNG mean to our long term security.  In fact we might have been better off suggesting the PNG government buy Rolls-Royce Cullinans as  a more sensible alternative given its SUV abilities.