Welcome to our eNewsletter – Issue #32, August 2025,
We hope that you can join our monthly meeting starting at 5:30pm on Thursday 7 August at the Cora Graves Centre in Blessington Street St Kilda. The details were covered in an earlier detailed email.
We are all very excited by the opening of the newly finished Port Phillip EcoCentre, which was built with grants of over $6 million from the Council and State government. It was part of Open House Melbourne in July and the many people who visited were impressed by the all-electric design, rooftop solar power with batteries, 6-star building envelope made from renewable timber, rainwater harvesting and Australia’s first citizen science lab.
I was very interested to read that Wesfarmers has taken out a $100 million loan with the government’s Clean Energy Finance Corporation to install solar panels, batteries and EV chargers at its Bunnings and Officeworks stores. Given that the business case for these investments has shown strong returns for several years, I am surprised that Wesfarmers has not been doing more of this but, hopefully, with the government funding, excess power can be stored and used by local low-income housing, especially at night.
I was intrigued to watch this video where a JP Morgan Chase report suggests that climate change could lead to some investment bonanzas while a UK Institute and Faculty of Actuaries report sees a very different, and much bleaker future (potentially up to a 50% reduction in global GDP by 2100) – I agree with the actuaries, climate change is a slow moving global disaster, and slowing it down is becoming more and more urgent.
On this point, I note that, more and more, climate change is a real and present danger and and we can no longer bury our heads in the sand. Witness, the algae blooms devastating sea life off South Australia’s coast. As the S.A. Environment Minister Susan Close has said “there are things that can be done to make the environment more prepared to tackle the impacts of climate change. We need to explicitly decouple our economic growth and prosperity from asking nature to always take a bit more of a hit.”
Furthermore, people need to understand that you cannot insure yourself against climate change – insurance companies will not cover you against future events that are likely to happen!
This terrifying video about the hundreds of abandoned oil and gas wells in the Gulf of Mexico makes very sobering watching. I am very concerned that we will soon be facing the same problems in Bass Strait, the North West Shelf and elsewhere in Australia, with the same companies running away from dealing with the same problems. In a related story, it seems that under a deal agreed in the 1980’s, the Australian government is on the hook for $500 million to help Chevron clean up decommissioned Barrow Island oil wells.
It is great that the new landmark climate ruling by the International Court of Justice (ICJ) declares that countries have a legal obligation to protect the climate from greenhouse gas emissions. While the ICJ’s 500-page decision is non-binding, observers say it will reach far and wide in its impact. “We have a ruling today that will reverberate around the world and will echo through history,” said Dr Wesley Morgan, a research associate with UNSW’s Institute for Climate Risk and Response.
I was heartened to have my view that making homes all-electric and sustainable increases their value confirmed by domain.com.au research showing that energy efficient homes in Melbourne attract up to a median $197,000 price premium. It makes the Domain Sustainability in Property 2025 Report a good read.
I was pleased to read that a new study shows that about 50% of Australian households are planning to upgrade the efficiency of their homes in the next 5 years, but more education and incentives are needed to convince the others. Our member, Electrify Southside is on the right track to help this happen.
Finally, the Totally Renewable Yackandandah newsletter is a very good read if you are interested in how communities can become more energy self-sufficient and liveable, which we should be looking at more closely in Port Phillip.