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Peter Hannam
Snowy Hydro’s pumped mission delay will add to hovering invoice
Dennis Barnes, Snowy Hydro’s new boss, simply advised Radio Nationwide that its big Snowy 2 pumped hydro mission can be delayed by one to 2 years.
Barnes didn’t give a date by Snowy had beforehand advised the market operator its already delayed date of completion for the mission was the top of 2027, as we famous right here:
So one to 2 years, if it may be believed, would put the multi-billion greenback mission again to 2029 and even 2030 when energy begins to stream.
The incoming New South Wales Labor authorities have been already factoring in some delay, and now they’ve a greater date, imprecise as it’s, to work in direction of.
Barnes notably didn’t give a worth for the general mission, which seems like swelling previous $10bn if the grid connections are added. Its authentic worth was about $2bn.
Some surprise if it is going to ever get constructed. What’s the percentages that the massive driller, dubbed Florence, gained’t get caught once more?
Chris Bowen, the federal local weather and vitality minister, is because of communicate at a convention in Sydney this morning. Maybe he’ll shed some extra gentle on the enterprise.
Key occasions
Off the again of the information of Snow Hydro 2.0’s delay, Adam Bandt is looking on the federal government to “ditch” the $600m which Scott Morrison dedicated in direction of the Kurri Kurri gas-fired energy plant.
The Greens chief mentioned the brand new authorities wants to handle the legacy of the earlier Coalition authorities’s vitality choices:
There’s important issues with some directions that [Snowy Hydro] obtained from the final authorities that haven’t been absolutely addressed by this authorities, together with, as you talked about round constructing a brand new gasoline plant at a time after we ought to be placing the foot on the accelerator to get to renewables.
Peter Hannam
Snowy Hydro’s pumped mission delay will add to hovering invoice
Dennis Barnes, Snowy Hydro’s new boss, simply advised Radio Nationwide that its big Snowy 2 pumped hydro mission can be delayed by one to 2 years.
Barnes didn’t give a date by Snowy had beforehand advised the market operator its already delayed date of completion for the mission was the top of 2027, as we famous right here:
So one to 2 years, if it may be believed, would put the multi-billion greenback mission again to 2029 and even 2030 when energy begins to stream.
The incoming New South Wales Labor authorities have been already factoring in some delay, and now they’ve a greater date, imprecise as it’s, to work in direction of.
Barnes notably didn’t give a worth for the general mission, which seems like swelling previous $10bn if the grid connections are added. Its authentic worth was about $2bn.
Some surprise if it is going to ever get constructed. What’s the percentages that the massive driller, dubbed Florence, gained’t get caught once more?
Chris Bowen, the federal local weather and vitality minister, is because of communicate at a convention in Sydney this morning. Maybe he’ll shed some extra gentle on the enterprise.
The Greens chief Adam Bandt says it was the “improper choice” from the reserve financial institution to lift rates of interest for an eleventh month.
Bandt has advised ABC Radio:
That is the improper choice from the Reserve Financial institution. The Reserve Financial institution and the federal government utilizing on a regular basis individuals as cannon fodder within the conflict on inflation.
Bandt is looking on the Albanese authorities to reverse the reserve financial institution’s choice. Requested about what justifies the unprecedented intervention on the unbiased physique of the central financial institution, Bandt says the federal government has the facility exactly for moments like this one:
The federal government has the facility in current laws exactly for disaster moments like these to step in and say no, look, the Reserve Financial institution shouldn’t need to do all of the heavy lifting, we as authorities are going to do it as a substitute.
Snowy Hydro 2.0 to be delayed for as much as one other two years
Snowy Hydro 2.0 might be delayed for an additional one to 2 years, in keeping with Snowy Hydro CEO Dennis Barnes.
For months, one of many mission’s three tunnel boring machines has been trapped in unexpectedly tender rock after a 9 metre gap opened up.
Barnes has advised ABC Radio it’s anticipated the tunnel boring machine might be again transferring in “weeks not months” however it’s “one among quite a lot of elements” delaying the mission.
He’s named the pandemic, bushfires and availability of supplies and labour as different elements.
The treasurer, Jim Chalmers, says yesterday’s reserve financial institution choice to carry rates of interest for an eleventh time was a “brutal reminder” of the robust financial circumstances.
Talking to ABC Information after the choice which took the market unexpectedly after the earlier month’s pause, Chalmers mentioned:
It was a fairly, fairly brutal reminder of the challenges which can be in our financial system, notably this inflationary problem. And a extremely tough day for Australians who’re already beneath the pump.
Chalmers mentioned the choice from the reserve financial institution “gained’t be essentially recasting our technique.”
Our technique is already outlined by restraint within the funds in October. We financial institution 99% of the upward revision in income, and we’ll financial institution most of it once more as soon as we get the ultimate income numbers for the Might funds.
Albanese to swear allegiance to King Charles however will not ‘shrink back’ from republican views
Paul Karp
Requested whether or not he would swear allegiance, Albanese replied he “will do what’s totally acceptable because the consultant of Australia” promising to “interact in that spirit” by swearing the oath – as he has accomplished 10 instances when sworn in to parliament and as a minister.
Albanese famous that Australians had voted on the 1999 referendum to stay a monarchy, however acknowledged that Australians have a “wide selection of views” on whether or not to turn out to be a republic.
I feel that Australia ought to have an Australian as our head of state, I don’t shrink back from that. I haven’t modified my views.
However my precedence is constitutional recognition – I can’t think about going ahead, for instance, going ahead as was instructed by some legitimately that we ought to be having one other referendum on the republic earlier than that happens.
I feel during the long run that can happen … What I don’t wish to do is to be a main minister who presides over simply constitutional debates.
Albanese cited different priorities for his prime ministership together with “coping with the problem of local weather change, getting an financial system that works for individuals, making extra issues in Australia, participating in our area”.
Albanese pours chilly water on republic speak in Piers Morgan interview
Paul Karp
Anthony Albanese has mentioned he doesn’t wish to be a main minister who “simply presides over constitutional debates”, warning republicans in Australia {that a} referendum is “not imminent”.
The Australian prime minister made the feedback in an interview with conservative broadcaster Piers Morgan forward of the coronation of King Charles III.
Albanese additionally confirmed regardless of being a “lifelong republican” he’ll swear allegiance to the brand new king in a ceremony at Westminster Abbey.
Albanese had an viewers with King Charles on Tuesday, which was mentioned to be “insightful and rewarding”, reiterating an invite to him and any members of the royal household to go to Australia.
After his election in Might 2022 Albanese appointed an assistant minister for the republic regardless of promising that an Indigenous voice to parliament and the manager was his precedence for constitutional change.
The demise of Queen Elizabeth II in September prompted debate in Australia about when it’d turn out to be a republic, however Albanese largely steered away from the subject out of respect for her.
Albanese advised Morgan that regardless of being a “lifelong republican” he nonetheless “respects our establishments” and has “an excessive amount of respect for King Charles”.
Albanese mentioned he had a “terrific assembly” with King Charles when he visited the UK for the Queen’s funeral, describing it as a “nice honour” to characterize Australia throughout “an actual second of reflection”.
All Australians want King Charles effectively whatever the completely different views of individuals could have about our constitutional preparations.
Evacuation flight from Sudan brings 36 Australians to security
An evacuation flight carrying 36 Australians out of Sudan has safely landed in Cyprus.
The international minister, Penny Wong, says 190 Australians have now left the nation.
Wong advised ABC Radio that the Australian defence drive asset additionally introduced individuals from 15 associate nations out of the battle zone.
However Wong mentioned there have been nonetheless Australians who remained within the “very risky state of affairs”.
With out an Australian embassy in Sudan, Wong mentioned further consular officers have been despatched to Djibouti, Jeddah, Cyprus, and Cairo to assist Australians evacuating.
On whether or not Australia can be offering any additional humanitarian help to Sudan, Wong mentioned:
We’ll we clearly present core funding to these UN companies which can be already delivering help, and to the Worldwide Purple Cross and Purple Crescent.
Firefighter dies after battling manufacturing unit blaze in Brisbane
A firefighter has died after being injured throughout a big manufacturing unit blaze south of Brisbane, AAP stories.
Queensland Hearth and Emergency Companies mentioned on Wednesday the firefighter, Izabella Nash, had died in a single day after she was critically injured within the Slacks Creek fireplace. The organisation mentioned on Twitter:
The ideas of QFES are with Izzy’s household, buddies and crew members.
A second firefighter was taken to the Royal Brisbane and Ladies’s Hospital with severe accidents on Tuesday after paramedics have been referred to as to the Slacks Creek blaze about 2.30am.
Security groups sporting respiratory equipment have been concerned within the firefighters’ rescue, which happened through the hottest a part of the battle towards the blaze, QFES deputy commissioner Michael Wassing:
It is vitally uncommon that our firefighters are injured on this manner and that’s due to the enormity of the coaching and the professionalism of our firefighters.
The hearth was contained simply after 6am on Tuesday and police declared against the law scene as they labored to find out the reason for the blaze.
Officers checked the encircling space for CCTV and enterprise house owners have been interviewed by investigators.
Good morning! Natasha Might reporting for weblog obligation.
Aged care rankings enhance however minister warns ‘much more to be accomplished’
Henry Belot
The variety of aged care properties not assembly primary high quality and staffing ranges has fallen barely, in keeping with new authorities figures.
Late final yr, the federal authorities launched a 5 star score system for residential aged care properties, which permits households to analysis and benchmark amenities.
In its first quarterly replace, 8% of amenities have been judged as both needing enchancment (two star) or needing important enchancment (one star) to fulfill acceptable requirements.
That determine has now fallen to five% with 125 amenities not assembly the “acceptable” threshold. Six amenities obtained a one star score.
The aged care minister, Anika Wells, mentioned the brand new system was enhancing transparency and accountability:
I’m happy we’re seeing incremental enhancements within the rankings however there’s much more work to be accomplished in aged care. Star rankings affords insider entry for the primary time to these it impacts most – older individuals and their households.
Everybody can now examine how a selected service is performing and use that information to make decisions about the very best residential take care of themselves or their family members.
Dozens of high scientists name for NT fracking ban in open letter to authorities
Lisa Cox
Virtually 100 of Australia’s main scientists have referred to as for the Northern Territory authorities to ban unconventional gasoline initiatives – together with these proposed for the Beetaloo basin between Katherine and Tennant Creek – due to their results on the local weather.
In an open letter, the scientists say the territory authorities is pursuing fracking within the Beetaloo basin regardless of the clear connection between fossil fuels and world heating.
The signatories embody former chief of the CSIRO’s earth techniques and local weather change hub David Karoly, Nobel laureate Prof Peter Doherty, former Australian of the yr Prof Fiona Stanley and Prof Matthew England.
The letter says:
Many people referred to as for a ban on fracking within the Northern Territory in 2018 and once more in 2021 due to the injury it is going to inflict on our local weather.
The science has not modified and in 2023 the state of affairs has solely turn out to be extra pressing.
It comes forward of an anticipated choice from the NT authorities about transferring from exploration to manufacturing within the Beetaloo and weeks after the federal parliament handed amendments to the safeguard mechanism for main emitters. These amendments included a requirement for onsite emissions from initiatives within the Beetaloo to be internet zero.
Evaluation by Reputex in 2021 discovered a excessive manufacturing situation within the Beetaloo might result in a further 1.4bn tonnes of life cycle emissions over 20 years – which incorporates emissions from when the gasoline is offered and used.
Karoly says:
Fracking within the Beetaloo Basin will add to world warming, with impacts on all individuals and all environments world wide. It must be stopped.
Housing ministers to fulfill in Canberra to debate renters’ rights and affordability
The housing minister, Julie Collins, will meet her state and territory counterparts in Canberra right now, the place they’ll focus on pathways to strengthening renters’ rights.
Collins has urged the Coalition and cross bench to help the federal government’s $10bn housing fund, which goals to construct hundreds of inexpensive properties.
In an open letter to the nation’s housing ministers, the Greens have referred to as for a two-year freeze adopted by a 2% cap on lease will increase, and an finish to no-grounds evictions.
The Greens say lease caps ought to apply to the property, not simply to particular person leases to make sure tenants don’t face eviction so their landlords can hike the lease.
They search to shut a loophole permitting landlords to begin a bidding conflict between potential tenants.
The social gathering will introduce their proposal to parliament throughout funds week.
Victorian college employees to stage walkout over pay and circumstances
Caitlin Cassidy
1000’s of employees from Victorian universities will stroll off the job right now as a part of nationwide industrial motion, pushing again towards wage theft, informal employment and underfunding.
The week of motion, launched by the Nationwide Tertiary Schooling Union (NTEU) on Monday, is available in protest to persistent casualisation within the sector. Roughly solely three in 10 college jobs are at present everlasting.
The Victorian department of the union is the centre of the motion right now, with protesters from universities throughout the state together with La Trobe College, Monash College, the College of Melbourne and Deakin College to converge on the Victorian Trades Corridor at 12.30pm.
Three universities have accepted decasualisation clauses up to now six months, together with Western Sydney College, Australian Catholic College and the College of Know-how Sydney, whereas the College of Sydney is poised to enact a clause changing 330 informal positions to everlasting.
Monash, Melbourne and Deakin have enterprise bargaining negotiations ongoing.
NTEU president Dr Alison Barnes mentioned decasualisation provisions ought to be rolled out within the enterprise bargaining agreements of each Australian college.
For too lengthy, Australian universities have allowed casualisation and its poisonous twin, wage theft, to flourish. We’re actively bargaining at 24 universities and intend to offer hundreds of employees the rights, safety and stability that comes with everlasting employment.
Welcome
Good morning and welcome to the day’s rolling information protection. I’m Martin Farrer and these are our high tales you must know this morning. My colleague Natasha Might might be alongside shortly to take you thru one other little doubt busy information day.
The lawyer normal, Mark Dreyfus, has accused the Liberal social gathering of flirting with the “far-right fringe” of the Indigenous voice debate due to a phase on a Sky Information present hosted by former senator Cory Bernardi. As shadow minister Michaelia Money appeared as a visitor on the present, Bernardi drew comparisons between the Indigenous voice and apartheid, claiming the federal government’s proposal would “divide us alongside racial grounds”. Money, nonetheless, mentioned later that she didn’t endorse the comparability.
The battles over subsequent week’s funds are rumbling on right now as we report that the federal government will enhance childcare subsidies by $9bn over 4 years as Labor fends off criticism that it’s not doing sufficient to fight rising value of dwelling. It’s additionally beneath strain on jobseeker, as unbiased senator David Pocock mentioned the Morrison authorities’s post-Covid choice to carry jobseeker funds by $50 a fortnight helped extra individuals than the Albanese authorities’s mooted 55-plus funds proposal.
As hovering rents add to the price of dwelling disaster for a lot of, anxious eyes will flip to Canberra, the place the housing minister, Julie Collins, will meet her state and territory counterparts to debate pathways to strengthening renters’ rights.
Anthony Albanese has had a non-public viewers with King Charles at Buckingham Palace after he arrived within the UK for the monarch’s coronation ceremony on Saturday. It comes because the king’s sister, Princess Anne, mentioned she wasn’t certain that Charles’s concept a couple of “slimmed-down monarchy” was an excellent one. We’ve a full story on that right here and we’ll deliver you ore in regards to the PM’s go to because it is available in (although historically, such conversations stay personal).
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