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Publication has been a bit slow, so my article doesn’t keep up with all the latest events, which seem likely to ensure that this disastrous project won’t proceed.The most important has been the split between Adani and its main contractor EDI Downer, one of a handful of companies with the expertise to run a mine on this scale. As I mentioned in relation to their advocacy of an end to coal, the Greens occupy a position where they can put forward policies that are outside the range of possibilities taken seriously by the commentariat.
Some more progressive Labor governments, such as that of the ACT have pushed for more public holidays.
One, in Inside Story, is an expansion of a post here, making the case that 2017 was a good year for climate policy globally.
One more item to add to the list: India’s additions of coal-fired generation capacity are running at the slowest pace since 2006.
It remains unclear whether an electricity auction market can produce adequate incentives for investment while generating appropriate prices for consumers.
Similar problems are emerging in relation to the regulated monopoly component of the industry, the transmission and distribution sector.
Regulators must set prices that do not reward inefficiency or allow monopoly profits, but nevertheless provide appropriate incentives for new investment. In the longer term, the problem of the environmental impact of an industry relying predominantly on carbon-based fuels remains to be addressed.