Australia went to the polls on Saturday in a long-awaited Federal election whose conclusion was so far beyond doubt the bookmakers decided to pay out a day or so in advance, but the conclusion was not to me, and the Coalition Government was returned to power in a shock election victory which will likely severely curtail the country’s climate and clean energy policy.
Australia is expected to be the world’s largest residential energy storage market in 2019, according to a short note published this week by Bloomberg New Energy Finance, accounting for 30% of global demand as household storage demand triples.
The Victorian Labor Party was re-elected to power in the State’s Saturday election this past weekend in a victory that is being described as “stunning,” “a landslide,” and a “bloodbath.” In fact, the Labor Party will return to power with more seats than have been held in over 15 years, delivering the party a strong mandate that includes important policies on climate change and renewable energy.
Tony Abbott, leader of the Liberal Party (a party which, for reference, is as far from liberal as a major political party in Australia can get), walked into Saturday’s national election with a surefire belief that his party would win the national vote, an action that would see him elected … [continued]
