The Latest Breaking News from Tony Wood

The technology is being hailed as one way Australia can open new oil and gas projects while simultaneously combating climate change. But there are doubts CCS is up to the task.

With the UK in for an astonishing surge in energy bills, many Australians are wondering if they too can expect their household costs to rise.

Clive Palmer’s Central Queensland Coal suggested proposed coalmine is a ‘greater economic powerhouse’

The high-profile national policy think tank has joined calls for a public authority to coordinate economic transition in the Hunter and says the NSW government should direct far more coal royalties back to the region.

Grattan Institute paper recommends allowing trading of carbon credits and a firm limit on emissions for country’s largest polluters

Australia must invest at least $12.7 billion in the electricity grid as “urgently as possible” to push ahead the transition to net zero, AEMO says.

As coal-fired power stations close down, there is a push for the renewables-rich state of Tasmania to become the "Battery of the Nation". The problem is, no one knows who will foot the multi-billion-dollar bill.

Inflation is soaring to new highs in major global economies and Australia is not immune.

Australian consumers may end up paying to extend the lifespan of fossil fuels unless a planned overhaul of the electricity market is handled carefully.

As the energy crisis continues to grip Australia’s east coast with consumers told to limit their consumption and warnings of blackouts Tony Wood, director of the energy program at the Grattan Institute, speaks with Michelle Grattan about why this has happened and what can be done to fix the system.

Australia's energy crisis reached a high point on Wednesday when AEMO suspended the national electricity market to control runaway prices.