Let Me Sum Up

Your regular deep dive into recent reports on climate and energy with Frankie Muskovic, Luke Menzel and Tennant Reed. Because there is too much.

The Hi-Lo Country (2035)

In this special, rapid reaction bonus episode (freed from the paywall, in the National Interest) we provide the hottest of hot takes on Australia's new 2035 emissions reduction target, and the 1000+ pages of documents released by the Albanese Government this week. You're welcome!We'll be back in your feeds next Friday to talk Treasury modelling. Meanwhile...Step right up and get your tickets for Chaos Trivia! Team LMSU is joining forces with the fabulous folks from Currently Speaking for a blockbuster crossover event, with special guests, the NEMchat Singers! Chaos Trivia is set for the first night of the All Energy Conference on Wednesday 29 October in Melbourne. There will be trivia! Role playing? Musical interludes! Food! Drinks! And Tennant in some wizard cosplay, which should frankly be reason enough! All proceeds go to the First Nations Clean Energy Network and we reckon tix will sell like hotcakes, so - run, don’t walk and snag tix for you or a whole trivia team.And that’s it for now, Summerupperers. There is now a one-stop-shop for all your LMSU needs: head toletmesumup.netto support us on Patreon, procure merch, find back episodes, and leave us a voicemail!

09-18
58:53

Once You Start Down The Wood Side, Forever Will It Dominate Your Destiny

Step right up and get your tickets for Chaos Trivia! Team LMSU is joining forces with the fabulous folks from Currently Speaking for a blockbuster crossover event, with special guests, the NEMchat Singers! Chaos Trivia is set for the first night of the All Energy Conference on Wednesday 29 October in Melbourne. There will be trivia! Role playing? Musical interludes! Food! Drinks! And Tennant in some wizard cosplay, which should frankly be reason enough! All proceeds go to the First Nations Clean Energy Network and we reckon tix will sell like hotcakes, so - run, don’t walk and snag tix for you or a whole trivia team.—Targets! Targets! Targets! Have we reached peak 2035 target fever? You betcha, and it’s a smorgasbord with climate and business groups serving up their preferred target. Which one is just right? From the bottom-up analysis from EY with practical can-do actions to achieve 65-75% to Deloitte’s top-down analysis for Business for 75 suggesting a 75% target would grow the economy more than a 65% target, there was one bit of modelling the subject of much chatter, and that didn’t recommend a particular target at all! McKinsey’s modelling for the BCA took a look at modelled costs for achieving 50, 60 and 70% targets but omitted any analysis of benefits, didn’t consider global impacts and seemed to make some drastic assumptions about the impact on gas exports (but hard to know as no assumptions were published). The verdict? BCA seems to be trying to thread the needle in navigating different members’ views and… it could have been worse!Our main courseThis week your intrepid hosts pack the passports and FIFO into that GST-sapping, resource-rich, beachy utopia that is WA as we soak up Marian Wilkinson’s Quarterly Essay, ‘Woodside vs The Planet: how a company captured a country’. This cracker of an essay unpacks the complex relationship between Woodside, successive WA and Federal governments, and local communities. A particularly nuanced and sensitive account of impacts to the Murujuga people’s struggle for influence in the preservation of their cultural heritage is contrasted with accounts of shareholder action and activists calling out the cognitive dissonance from Woodside in claiming support for climate action while expanding plans for fossil gas extraction and export well beyond 2050. This was not the policy solutions paper Tennant wanted it to be, but we debated the merits of supply-side activism to shut down fossil fuel exports and whether the WA community would even be on board with that. This essay paints a vivid picture of Woodside’s omnipresence in WA and for a bunch of blow-in east coasters, we learned a lot!One more thingsTennant’s One More Thing is: the International Maritime Organisation’s upcoming vote on a global carbon pricing scheme for shipping— even with the US reportedly opposed, the vote is expected to pass. Yay for rare moments of multilateral innovation! Frankie’s One More Thing is: the Investor Front Door is officially open! Or at least ajar for a couple of pilot projects. This could grease the wheels for Future Made in Australia projects OR could add more layers of helpful bureaucracy. Implementation matters!Luke’s One More Thing is: for the fans of good periodicals out there, a solid vote for the latest edition of Foreign Affairs, which features essays on US-China tech competition, critical minerals, AI, and Australia’s role in the Pacific.And that’s it for now, Summerupperers. There is now a one-stop-shop for all your LMSU needs: head toletmesumup.netto support us on Patreon, procure merch, find back episodes, and leave us a voicemail!

09-11
01:29:42

Climate Hegemon: Gotta Catch Em All (Chinazard, Mimik-EU, Trumptwo)

‘Abundance v Sufficiency: Dawn of Justice’ T-Shirt Edition The sufficiency movement is winning… at least when it comes to LMSU merch! If you haven’t read Abundance but keep finding yourself sucked into conversations about it, have we got the “No I haven’t read Abundance, that’s what podcasts are for” t-shirt for you! Merch as a proxy for ideological dominance? You decide. Run, don’t walk  to our merch page and grab the limited edition Abundance tee: www.letmesumup.net/p/merch/.—Productivity Palooza 2025 continues like the perpetual festival the PC wished for and your intrepid hosts round up some of the big-ticket climate and energy related outcomes of Jim Chalmers’ roundtable. Environmental approvals? Hot to trot, before 2025 is out! Road user charging? Definitely happening, but only for EVs for now! Unlocking more investment from Aussie super funds? I spy with my little eye a performance benchmark test redesign! And what of the National Construction Code pause and reform? The suggestion of a lengthy pause to NCC updates resulted in exasperated bemusement at the boneheadedness of it all from climate folk, subsequently tempered by what was announced, a more modest pause until 2029. The verdict? Maybe focusing on the fact the NCC itself was a productivity reform is a good start, and while we’re at it, avoid scapegoating energy efficiency changes that save households money. AI to streamline the code and everything else will clearly save us all! Our main courseIt’s time for some game theory as these beautiful minds leap into the climate geopolitics multiverse of Michael Mehling’s paper, ‘In The Vortex Of Great Power Competition: Climate, Trade and Geostrategic Rivalry in U.S.-China-EU Relations’. We take the green pill and immerse ourselves in three different universes, from a ‘Race to the Top’ where competitive cooperation drives climate innovation, to ‘Geopolitical Fragmentation’ where nationalism stalls progress and maybe leads to thermonuclear war? And the most intriguing of all, ‘Reversed Leadership’ where China leads the global decarbonisation charge, taking the mantle of global leadership from the US. China looms large across all three scenarios, driven by its increasing dominance in clean tech, but parts and combinations of all three scenarios are entirely plausible today. This short, timely paper packs a lot of punch! One more thingsTennant’s One More Thing is: the 2025 Luxton Memorial Lecture at the University of Adelaide, delivered by none other than friend and sometime co-host of the pod, Alison Reeve!Frankie’s One More Thing is: the Climate Change Authority’s 2025 issues paper consultation, asking a range of questions on the effectiveness of the government’s response to climate change. If you have thoughts, and we’ll bet you do, chip them a response by 1 September!Luke’s One More Thing is: a shout out to friend of the pod, Dylan McConnell, who - in response to our last episode on the NEM review - reminds us that visibility of large, industrial loads is just as important as aggregated is also in the sights of Nelson and his panel. Point well made sir!And that’s it for now, Summerupperers. There is now a one-stop-shop for all your LMSU needs: head toletmesumup.netto support us on Patreon, procure merch, find back episodes, and leave us a voicemail!

08-28
01:11:37

Like Sands Through The Hourglass, So Are The NEM Reviews Of Our Lives

‘Abundance v Sufficiency: Dawn of Justice’ T-Shirt Edition With a sufficiency of sufficiency-themed t-shirts now on the streets, the universe is out of balance and your intrepid hosts need to balance the sufficiency yin with an abundance yang! And OH BOY did we have an abundance of abundance-themed t-shirt ideas for you. YOU need not have Abundance FOMO any longer. Run, don’t walk to our merch page and grab the limited edition Abundance tee: www.letmesumup.net/p/merch/.—It’s Productivity Palooza 2025 and invited to the hottest party in town (this here podcast of course) is the one and only Alison Reeve who joins your intrepid hosts in a Productivity Commission report launch party! Landing in Jim Chalmers’ hot little hands before the big Economic Reform Roundtable in Canberra (the other hottest party in town), the PC’s interim report, “Investing in Cheaper, Cleaner Energy and the Net Zero Transformation” has a grab bag of ideas: Adaptation - getting its moment, finally! Approvals - strike teams and make em’ fast! Carbon pricing - safeguard harder! Also check out this excellent OpEd from Alison in the AFR.Our main courseI’m Wonky But I’m Worth It might have been the unofficial subtitle of the latest contribution to reform of the National Electricity Market by expert panel Tim Nelson, Paula Conboy, Ava Hancock and Phil Hirschhorn. That’s right, your intrepid hosts evidently didn’t have anything else to do last weekend than consume the 220-page elephant of the “National Electricity Market wholesale market settings review” draft report (we did, but we read it anyway – you're welcome). While heavy on financial jargon, we wonder whether this might be the political bullet proof vest this policy needs, lest the ESEM join the acronym soup grave of NEM review solutions past! Targeted upgrades to existing architecture across the spot market (visibility of DER!), medium-term derivatives (more liquidity via market-making obligations!) and long-term investment signals (enter, Electricity Services Entry Mechanism!) with a partridge in a pear tree and consumer reforms (the epilogue that Frankie thinks deserves a prologue). One more thingsTennant’s One More Thing is: the greatest movie ever made!? WARNING: 3.5 hours and carbon monoxide poisoning awaits.Frankie’s One More Thing is: a watching brief on the expert panel on atmospheric measurement of fugitive methane emissions in Australia, chaired by former chief scientist Dr Cathy Foley, and just how this might contribute to policy - Global Methane Pledge, ahem!Alison’s One More Thing is: is the gas network problem solving itself? A Victorian gas utility helping customers go all-electric feels like cause for celebration in putting consumers first!Luke’s One More Thing is: a shout out and salute to outgoing Clean Energy Council CEO Kane Thornton, for his tireless work supporting and leading the growth of Australia’s renewables industry and for being an all-round awesome human. Go well and see you soon Kane!And that’s it for now, Summerupperers. There is now a one-stop-shop for all your LMSU needs: head toletmesumup.netto support us on Patreon, procure merch, find back episodes, and leave us a voicemail!

08-14
01:39:22

Hey Big Spender, Blend A Little SAF For Me (Low Carbon, So Refined)

‘More Sufficiency Now!’ tees - for a sufficiently limited time onlyThere may no longer be an insufficiency of sufficiency themed t-shirts walking the streets but YOUR opportunity to join the burgeoning sufficiency movement is rapidly closing like the Overton window on climate ambition! YOU can make sufficiency a thing by heading to our merch page and grabbing one of these tees, which will only be available for the next week before they disappear like the t-shirt you didn’t need in the first place. Run, don’t walk over to: www.letmesumup.net/p/merch/.—From the Torres Strait to the Hague, this week climate was in the courts and your intrepid hosts cross examined not one but two landmark climate court cases: one dismissed in Australia, one seismic win in the International Court of Justice. While the case Uncle Pabai Pabai and Uncle Paul Kabai brought against the Commonwealth to Australia’s Federal Court found the Federal Government does not owe a duty of care to prevent climate change impacts on Torres Strait Islanders, the judgement was not without a judicial side-eye at past governments’ climate targets—“window dressing” and “no regard for science” were phrases that made it into the ruling. This excellent summary from Adam Morton at the Guardian is worth a read.Further afield, what started as a grassroots campaign from Pacific Island students led to a unanimous advisory opinion from the UN’s highest court. Their view? States have binding obligations to protect the climate—and yes, they could be held liable for climate damages. The implications? This legal mic drop will have global ripple effects for some time. Watch this space!Our main courseRefined Ambitions or Rube Goldberg machines powered by beef fat and hope? Deloitte’s recent report for the Clean Energy Finance Corporation, “Refined Ambitions: Exploring Australia’s Low Carbon Liquid Fuel Potential’ made it clear that clean-ish fuels can be yours, for a HEFA-ty price! Your intrepid hosts levelled-up on acronyms (HEFA, ATJ, FT, and PTL, anyone?) and zeroed in on aviation, freight, and mining as the big targets for low carbon, liquid fuels. And speaking of zeroes. These fuels are so expensive - like $1,000 to $5,000 per tonne of CO₂ abated expensive - this report had Luke feeling bullish on green hydrogen! If we’re fuelling our planes with $10/litre synthetic champagne, maybe it’s time to rethink the flight plan. No easy wins here. One more thingsTennant’s One More Thing is: the Shift Key podcast Summer School miniseries, with Robinson Meyer and Jesse Jenkins! Basics; thermal techs; renewable techs. More to come!Frankie’s One More Thing is: The UN report Seizing the moment of opportunity - ahead of COP30 and the next round of NDCs it’s efficiency, renewables, electrification for the win!Luke’s One More Thing is: An on-the-ground report from Allegra Spender’s tax roundtable.And that’s it for now, Summerupperers. There is now a one-stop-shop for all your LMSU needs: head toletmesumup.netto support us on Patreon, procure merch, find back episodes, and leave us a voicemail!

07-31
01:17:56

Frankie My Dear, I Don’t Give A Damn (About GPGs not making Taxonomy v1.0)

‘More Sufficiency Now!’ tees - for a limited time onlyInspired by listener Rob Law’s question on why sufficiency isn’t more of a thing in Australia, Frankie speculates anew that a insufficiency of sufficiency-themed t-shirts may be to blame... but no more! YOU can make sufficiency a thing by heading to our merch page and grabbing one of these tees, which will only be available for the next four weeks. Run, don’t walk over to: www.letmesumup.net/p/merch/.—It might not be Gassy McGasface, but don’t let the innocuously named ‘Gas Market Review’  fool you! This is a 3-for-the-price-of-1 all-you-can-eat buffet of gas policy options, cooked up by Ministers Chris Bowen and Madeleine King, featuring the Australian Domestic Gas Security Mechanism (ADGSM), Mandatory Gas Code of Conduct AND the Heads of Agreement. And what of the infamous Future Gas Strategy? Could it be on the secret menu for an encore at the ol’ DCCEEW cafe? We reckon now is as good a time as any to craft a holistic gas strategy - including domestic demand and future export strategies.Our main courseThis week your intrepid hosts are tripping the light taxonomic as we frolic through the Australian Sustainable Finance Institute’s ‘Australian Sustainable Finance Taxonomy - V1 2025’. There is a lot to digest here as the taxonomy traverses technical screening criteria for green, transitional and decarbonisation measures across six sectors of the economy, do no significant harm criteria and minimum social safeguards. All while ensuring interoperability with other countries’ taxonomies and setting the scene for further future uses of the Australian Government. Phewy! Hat tip to the fine folks at ASFI for this epic adventure, at one point prompting a somewhat unfortunate analogy to another (much more problematic) epic adventure in Gone With The Wind. We’re Sorry.One more thingsFrankie’s One More Thing is: a PSA for an interesting-looking and excellently-punny named report, “Refined Ambitions: Exploring Australia’s Low Carbon Liquid Fuel Potential’ from the folks at the CEFC and Deloitte.Tennant’s One More Thing is: the European Commission proposes adding some form of export adjustment (rebate) to the EU CBAM!Luke’s One More Thing is: a warm fuzzy hug for his own four letter acronym policy pet, the Wholesale Demand Response Mechanism (WDRM)! The AEMC has found it’s delivering way more savings than it costs to run, which should vanquish any rearguard action to have it wound down!And that’s it for now, Summerupperers. There is now a one-stop-shop for all your LMSU needs: head toletmesumup.netto support us on Patreon, procure sufficiency themed merch, find back episodes, and leave us a voicemail!

07-17
01:25:31

We, The Climate Wonks Of Asia, In Order To Form A More Perfect CBAM...

Frankie has a new (day) job! She’s heading to the Investor Group on Climate Change after more than nine years at the Property Council and is going to apply those well-honed extortion skills to the entire net zero transition!Your intrepid hosts are excited about electrifying all the things this week with big electrification policies landing in both Victoria and City of Sydney. The much anticipated next tranche of Victoria’s Gas Substitution Roadmap agenda is finally here with the Allan Government launching a bold package of reforms. Gas hot water heaters? Out. Minimum energy efficiency rental standards? In! All-electric new builds? Absolutely. The City of Sydney is also joining the electrification party and banning gas in new residential buildings from the end of 2025, with more work on commercial buildings to come. Chris Minns calls “overreach” but we reckon this is the beginning of the end for gas use in buildings! Our main courseHave Australian CBAM enthusiasts been dreaming too small? Is an Asian CBAM the secret sauce for clean trade in our region? Have Frankie and Luke now read enough CBAM papers to level up and get a CBAM merit badge? Tennant licks his lips as your intrepid hosts devour a new report from Climate Energy Finance, ‘A Price On Carbon: Building Towards an Asian CBAM’. While this wasn’t necessarily the CBAM paper we were looking for, authors Matt Pollard and Tim Buckley make carbon pricing padawans of us all - and maybe all those DFAT folks who need to use the force to sell this idea - and give us the basic commands for a future Asian CBAM. We’re signing up for the advanced class please! (That means we’d like another paper on what next, kthxbye).Listener VoicemailSummerupperer Rob Law asks why “energy sufficiency” isn’t a thing in Australia? We venture thoughts on branding, culture, and an abundance obsession? Also, Frankie wants sufficiency-themed papers and T-shirts!One more thingsFrankie’s One More Thing is: a big hearty thank you to Australia’s outgoing climate change ambassador, Kristin Tilley. The LMSU crew salute her deft diplomacy and work to build closer relationships with our Pacific neighbours. She’s off to sort out the WTO in Geneva, bon voyage and best of luck!Tennant’s One More Thing is: an appeal for sanity as US politics watchers boggle at discussion of a proposed tax on domestic clean energy. Tennant’s therapy suggestion? Shout “stop being crazy!” loudly for 30 seconds. It worked for him in recent role playing adventures of Arkham Sanitarium at a Call of Cthulhu RPG convention. Seems as likely as anything else to work for snapping the US Congress out of it.Luke’s One More Thing is: his recent forays over on the First Fuel podcast feed, talking energy governance reform with Rob Murray-Leach and COP31 with Chris Bowen.And that’s it for this week, Summerupperers. There is now a one-stop-shop for all your LMSU needs: head to letmesumup.net for merch, back episodes, and your chance to leave us a voicemail!

07-03
01:33:14

Notorious RBD Vs (Too Much) RAB

Support us on Patreon and grab some merchThe merch is flying off the shelves (and into Summerupperer mailboxes near and far!). The website is live (and functional!) and the bonus episodes are tastier than Tennant’s home baked maruspice cookies. Join the Super Summerupperer secret society at www.letmesumup.net and click “Support LMSU” to get your fortnightly BoCo fix. Because THERE. IS. (STILL). TOO. MUCH.—This week your intrepid hosts are joined by newly minted Grattan Institute Energy & Climate Program *Director* Alison Reeve to unpack the Productivity Commission’s climate musings and a spicy new paper from Dr. Ron Ben-David that dares to ask: that gas network RAB is kind of annoying... what if we just sold it?But first... are the folks at the PC drinking the Abundance KoolAid? Investing in Cheaper, Cleaner Energy and the Net Zero Transformation is one of five pillars the PC is working on to inform the Treasurer’s upcoming and very exclusive ROUNDTABLE lock-up/love-in on productivity. What’s on the menu? Reducing the cost of meeting carbon targets, speeding up energy infrastructure approvals and unlocking private investment in adaptation. Frankie smells a Cabinet book club. Alison wants to know why we’re not talking about construction productivity across sectors. All of us want more than vibes and vertical silos but agreed giving adaptation some love is overdue!Our main courseIf the Gas RAB is a 500 lb gorilla and is in desperate need of slimming down, who’s paying the bills for Ozempic? In his paper ‘The 500 lb gorilla of the gas transition, or: Confronting the regulatory asset base (RAB) problem’, Ron Ben-David proposes a bold fix for the gas death spiral with his characteristic panache: Revalue the gas RAB every five years, carve off the stranded value into a new financial asset (opening up an exciting branding opportunity – Delta Assets RAB Bucks, or RABcoin - take your pick!) and then auction it off. Is this Saving consumers by slugging (the same) consumers? Tennant reckons financialisation would lead to better transparency. Frankie suggests networks surely can’t have their cake and eat it too. Alison thinks it’s brilliantly clever, but who’s buying? Luke declares it’s so confusing and opaque, it just might work!One more thingsAlison’s One More Thing is: A very happy anniversary to the RET, whose legislation was introduced to Parliament on 22 June 2000. Little did they know that 9500 GWh would lead to so much more…Tennant’s One More Thing is: a li’l bright spot in the USA, where Fervo Energy is making geothermal advances galore. Watch this space!Frankie’s One More Thing is: The Australian Sustainable Finance Taxonomy is here! Congrats to the ASFI team for launching this important work.Luke’s One More Thing is: Hugh White’s new Quarterly Essay, Hard New World: Our Post American Future. That’s it for now, Summerupperers. There is now a one-stop-shop for all your LMSU needs: head to www.letmesumup.net for merch, back episodes, and your chance to leave us a voicemail. And remember: if you’re not wearing your LMSU tee while listening to us talk about LMSU tees, are you even summing it up?

06-19
01:18:14

Abundance: A Zippy 40 Year Ride On Procedural Liberalism’s Fast Train To Nowhere

It’s hard to believe your intrepid hosts birthed this little pod into the world a whole three years ago, but here we are! Still readin’ papers, still summing em’ up for YOU, our amazing Summerupperers!And to mark the occasion, we are celebrating with a triple scoop of gas policy, political philisophy and pod merch madness! That’s right, we’re SHIRTFRONTING the lot of you! After far, far too many ‘Shirtfronting with Frankie’ segments, Team LMSU is delighted to offer our very own a la carte merch menu! T-shirts and tote bags and mugs, oh my! All brought to you via our brand-spanking-new website glow-up at www.letmesumup.net! There is now a one-stop-shop for all your LMSU needs: listen to the pod, leave us a voicemail, support us on Patreon and deck yourself out in LMSU’s finest. Run, don’t walk over to www.letmesumup.net.—Gas, gas, gas! After Frankie’s extended victory lap post winning the longest-running, slowest-moving merch race around, we talk gas. SO MUCH gas. First, Woodside’s North West Shelf gets the green light to operate until 2070 from incoming Federal Environment Minister Murray Watt. Cue despair from climate advocates and a 600-page consultant report that may or may not be acid rainwashing ancient rock art. But while this decision went Woodside's way, gas market fundamentals may not be so kind; keeping this facility pumping beyond the early 2030s will require opening up the Browse Basin, and there are big question marks over the fundamental economics. There is some great analysis on this around if you look for it, not least from IEEFA's Joshua Runciman, which we highly recommend!Next, a decision from the Victorian Government to approve Viva’s construction of an LNG Import Terminal in Geelong. Magic gas ships? A lesser of three evils? Who woulda thunk it! Stranded assets are so 2022. Lots of complexity to unpack in these decisions, and we have our usual abundance of thoughts!Our main courseEver hungry for new feasts of ideas, your intrepid hosts were not content to blow out the candles at this birthday party with a mere paper, oh no! We gifted ourselves an abundance of anecdotes - and maybe a famine of fixes - devouring the infamous book doing the rounds in US liberal politics circles, “Abundance” by Derek Thompson and Ezra Klein. This pro-growth, anti-red tape manifesto is a 'ripper' according to Jim Chalmers and will clearly be doing the rounds in Australian political circles, but what do your intrepid hosts make of it all? A provocation for a “liberalism that builds”, the challenges in housing, health, energy and infrastructure all feel familiar. For these three policy wonks, we would have really liked a list, not just a lens! Lots to digest, provocations and limitations but ultimately food for Australian thought.One more thingsOur collective One More Thing is a massive thanks to YOU, our delightful Summerupperers! We continue to love doing the pod, getting to spend time with each other and meeting so many of you, out in the world! Our gift to you (and ourselves really, who’s kidding) is the fully operational climate nerd command center that is www.letmesumup.net. Listen to episodes, shop the merch, leave us a voicemail, or just marvel at the fact that we finally have an About page!And that’s all from us this week Summerupperers! Leave us a voicemail with your hot tips and suggestions for papers, and while you’re at it, grab an LMSU T-shirt, mug or tote at letmesumup.net.

06-05
01:29:59

“Unlimited Power!!!” Cackle Energy Wonks Calculating Australia’s Clean Trade Opportunity

Support us on Patreon... Team LMSU are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! Every fortnight, the day after a regular episode drops, there will be a delicious, subscriber only BoCo episode. Because, THERE IS TOO MUCH! This week we are taking stock of post-election shenanigans and implications for climate policies. Run, don’t walk over to https://www.patreon.com/LetMeSumUp.—It took something majorly main course to distract your entrepid hosts from microwaving some more post-election popcorn (never fear, this week’s BoCo episode for Patreon subscribers will provide your fix). To detoxing from domestic politics we read this excellent analysis from Lauri Myllyvirta for Carbon Brief suggesting China’s emissions may have peaked! Despite previous drops in emissions being linked to economic downturns, this time new installed renewable generation outpaced energy demand growth and displaced coal. What a delightful palate cleanser!Our main paper“Unlimited Power!!!” cackled your intrepid hosts as we imbibed this week’s paper, The New Energy Trade: harnessing Australian renewables for global development from Reuben Finighan at the Superpower Institute. This cracker of a report had us stroking chins, making plans for world domination and tallying the BAGILLION dollars in export value from Australia’s potential as a global leader in the ‘superpower trade’. This paper was methodical and compelling in fleshing out Ross Garnaut’s vision of Australia as a renewable energy superpower - and what a huge juicy prize to be won! We recommend sampling the summary report for super curious Summerupperers.One more thingsTennant’s One More Thing is: The Victorian Transmission Plan, 2025 edition, Draft for ConsultationFrankie’s One More Thing is: the PC rolling up its sleeves and speeding up approvals for new energy infra, encouraging private investment in adaptation, and reducing the cost of meeting carbon targets are in its sights!Luke’s One More Thing is: putting listeners on notice for LMSU’s first book club episode! That’s right, we’re going to read (or perhaps listen) to Ezra Klein and Derek Thompson's provocative 'less regulation may be better for the environment' bestseller Abundance, and sum it up sometime soon. Get reading folks!And that’s all from us Summerupperers! Send your hot tips and suggestions for papers to us at mailbag@letmesumup.net and check out our back catalogue at letmesumup.net.

05-22
01:15:10

There Is Too Much: The Federal Election's Impact On Climate And Energy Policy

Usually our Bonus Content is behind the paywall, but this week we're getting the Blue Screen Of Death from Apple Podcasts (somewhat ironic) and they won't let us post the show! So while we are on hold with IT, we're posting this week's bonus episode in the main feed so that A. those of you that are subscribed in Apple Podcasts get the ep. and B. those of you that aren't get a taste of that sweet, sweet BoCo we're rolling out every fortnight. Because once you go BoCo you don't go back! Join the cool kids over at https://www.patreon.com/LetMeSumUp (or Apple Podcasts – our call is valuable to them and they will be with us shortly, so we should be back in action next week).--THIS WEEK ON THERE IS TOO MUCH:Beyond the big picture politics, there are a myriad of specific climate and energy policies that will be profoundly impacted by the election result on the weekend. We wade into the weeds and give you the hottest of hot takes.

05-09
34:47

Pearls And Kidney Stones, Fresh And Steaming From The Bloody Guts Of The 2025 Election

Support us on Patreon... Team LMSU are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! This year we are upping the ante and every fortnight when a regular episode drops, there will be a delicious, subscriber only BoCo episode. Because, THERE IS TOO MUCH! This week we look beyond the election and consider the implications for all the great climate and energy policy processes, both progressing and prospective! https://www.patreon.com/LetMeSumUp.---This is a rapid response episode, so not much in the way of shownotes! Although you may wish to check out Luke's op-ed in RenewEconomy – penned on the plane to Auckland on Sunday – laying out the historic opportunity the Albanese Government now has before it to transform the Australian economy.This is our episode for this week, so we'll be back a fortnight from Friday! In the meantime send your hot tips and suggestions for papers to us at mailbag@letmesumup.net and check out our back catalogue at letmesumup.net.

05-04
01:08:23

If This Is Climate Fight Club, Does That Make Nick Stern Tyler Durden?

Support us on Patreon... Team LMSU are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! This year we are upping the ante and every fortnight when a regular episode drops, there will be a delicious, subscriber only BoCo episode. Because, THERE IS TOO MUCH! This week we are speed dating every* party’s climate election policies so head on over to https://www.patreon.com/LetMeSumUp.* a sample approach was taken to Independents!—The data is in and your dedicated hosts are diving into SAFEGUARD 2: SAFE GUARDER the first season recap of the reformed and rebooted Safeguard Mechanism. SO, is it doing the job? Does it deserve the custom meme treatment from one T Reed inspired by everyone’s favourite holiday movie? Yippee Ki-Yay, Climatelovers! Time to Stay Positive as it is early days, overall emissions are down with movement up and down across facilities (see some criticisms in this Guardian article). One thing is certain though: this climate and energy podcast of record will continue to document progress! And if you want the thrilling backstory to SAFE GUARDER, check out our back catalogue episodes:‘The Last Fire In The Forest’: The Safeguard Mechanism Consultation PaperNew Dork Times: Chubb/Safeguard Special Double Report Report SpecialSafe Guard With A VengeanceOur main paperThe first rule of system change is: don’t talk about system change! Unless you are Jeremy Oppenheim from the consultancy outfit Systemiq and authored ‘Shock Therapy: A strategic reset for the sustainability movement’ as part of its Blue Whale Inquiry. The pitch? We need a reset! Three climate shocks, seven hot ideas and abundance in a pear tree - this provocation of a paper packs a lot in! Your intrepid hosts eat this whale one mouthful at a time.One more thingsTennant’s One More Thing is: an Alchemical Adventure at Conquest!Frankie’s One More Thing is: an urge to bust out of the climate bubble, get some nature and some tunes! Hard recommend for Bluesfest for those musically inclined.Luke’s One More Thing is: The prequel to a prequel to Star Wars: A New Hope: Andor. It is redolent with resonances with our current moment, and as an extra bonus you really don't need to be a Star Wars nerd.And that’s all from us Summerupperers! Send your hot tips and suggestions for papers to us at mailbag@letmesumup.net and check out our back catalogue at letmesumup.net.

04-24
01:25:52

Kill Bills: Showdown At The House Of Blue Flames

Support us on Patreon... Team LMSU are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! This year we are upping the ante and every fortnight when a regular episode drops, there will be a delicious, subscriber only BoCo episode. Because, THERE IS TOO MUCH! This week we talking about the Federal election campaign so head on over to https://www.patreon.com/LetMeSumUp.—Your intrepid hosts are again revisiting the geopolitics corner of the LMSU cafe and this week on the menu is a tariffpalooza! Everybody (except a few notable autocracies) was invited, though so far it resembles more of a GOT red wedding than a friendly feast of Big Macs sans Aussie beef. That’s right, EVERYBODY GETS A TARIFF! And why are we talking tariffs on a climate and energy podcast? Does the oversupply of  cheap Chinese clean tech help or hinder Aussie decarbonisation plans? Is Trump generated turmoil effectively a DoS attack flooding government bandwidth around the world and pushing climate down the agenda? And how durable is this tariff stuff anyway, given it appears to be going down like a cup of cold sick with the US public? Unsurprisingly, we have thoughts.Our main paperLeaving the tariff bloodbath behind, this week the basic sensible things cinematic universe presents: Victorian electrification options! Your intrepid hosts revisit another beloved LMSU climate caper and take a look at a briefing note from the Institute for Energy Economics and Financial Advice (IEEFA), ‘Electrification regulations in Victoria would lower energy bills and reduce gas supply gaps’. The folks at IEEFA have run the numbers on the different options in the Victorian Government’s electrification RIS and their verdict for households is: electrify everything, and electrify it now! We unpack.One more thingsTennant’s One More Thing is: the 12 months to end March 2025 were the hottest In Australia’s recorded history (AFP report of a BOM scientist - caretaker may be holding back a BOM media release).Frankie’s One More Thing is: the release of the final report of the Senate inquiry into Residential Electrification, featuring not one, not two,  but three hosts of LMSU!Luke’s One More Thing is: Will the EU’s rightward shift have further impacts on climate policy and ambition?And that’s all from us Summerupperers! Send your hot tips and suggestions for papers to us at mailbag@letmesumup.net and check out our back catalogue at letmesumup.net.

04-10
01:08:45

This Week on LMSU: Energy Measures That Weren't In The Budget That Wasn't Meant To Be

Support us on Patreon... Team LMSU are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! This year we are upping the ante and every fortnight the day after a regular episode drops, there will be a delicious, subscriber only BoCo episode. Because THERE IS TOO MUCH! Head on over to https://www.patreon.com/LetMeSumUp.—There was a budget! There wasn't much in it! We talked for over 50 minutes anyway!Checks out.Back to regularly scheduled programming next episode, so send your suggestions for papers to sum up to mailbag@letmesumup.net. 

03-26
50:25

Some Energy Policies Are Bangers. Others Are The Wurst.

Support us on Patreon... Team LMSU are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! This year we are upping the ante and every fortnight the day after a regular episode drops, there will be a delicious, subscriber only BoCo episode. Because THERE IS TOO MUCH! Head on over to https://www.patreon.com/LetMeSumUp.—Your intrepid hosts construct another corner in the LMSU cafe and contemplate how the current geopolitics of it all have impacted the latest talks of the Intergovernmental Panel on Climate Change, which met to decide the timeline and content outlines of their next (7th) assessment report cycle. That's right folks, it’s IPCCC time! There was a cornucopia of climate contretemps at this cluster in Hangzhou and while plenty of that includes the US, it wasn’t because of their contributions - they ghosted the talks altogether! Will they align AR7 to the next Global Stocktake in 2028? Undecided! Will there be a chapter on CDR and CCUS in the mitigation report? You betcha. And those are but a tantalising taste of the buffet on intrigues the IPCC folks served up.And now it’s time to slip into some stretchy clothes and get comfy Summerupperers because the LMSU barbecue is firing up!Our main paperWhen a report titled “How The Sausage Is Made: Assessing Australian Policymaking Practices in the Energy Sector” from the McKell Institute and the Blueprint Institute appears on the a la carte menu, what’s a hungry LMSU crew to do?This double-think-tank bonanza popped some banger energy policies into the meat grinder with some of the wurst to give us a recipe for how to make a better sausage. Sated? Barely! Room for more? Some gristle to clear out!Stick a fork in this one, we’re done!One more thingsFrankie’s One More Thing is: to tantalise our Summerupperers with the promise that we'll be covering the Federal Budget in our regular public episode for main course, and serving up some exclusive extra sizzle in our BoCo episode for dessert! Make sure you don’t miss any of the juicy details and subscribe to our Patreon for the full Budget buffet!Tennant’s One More Thing is: US mini-freakout over gas turbine cost/availability - does it mean anything for Australia? (Yes!)Luke’s One More Thing is: Canada’s impending election is getting wild! Riding a wave of anti-Trump sentiment, Mark Carney, former head of the Bank Of Canada and climate change advocate has won leadership of the Canadian liberal party and will take over as PM from Trudeau, despite not having a seat in Parliament! And that’s all from us Summerupperers! Send your hot tips and suggestions for papers to us at mailbag@letmesumup.net and check out our back catalogue at letmesumup.net.

03-13
01:11:23

IEA Nuclear Wedge vs. CCA Atomic Wedgie

Support us on Patreon... Team LMSU are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! This year we are upping the ante and every fortnight when a regular episode drops, there will be an additional, delicious, subscriber only BoCo episode hitting the feeds as well. Because, THERE IS TOO MUCH! Head on over to https://www.patreon.com/LetMeSumUp.—After an extended summer vacay, Team LMSU is back - and not a minute too soon! The spidey senses of the folks at the Climate Change Authority must have been tingling and with a BOOM dropped their analysis ‘Assessing the impact of a nuclear pathway on Australia’s emissions’ on the very morning we recorded this episode.Joined by sometime co-host and sensible energy expert superhero Alison Reeve, the crew digest this little amuse bouche: over 1 billion tonnes of extra emissions! The cost of pursuing Frontier Economics’ nuclear pathway is quite the emissions mouthful.Sidebar nerd alert: reverse engineer graphs just like the CCA folks with this handy tool: https://www.graphreader.com/ Our main paperIn act 2 of our double nuclear paper spectacular, the LMSU crew takes on the intercontinental ballistic market outlook ‘The Path to a New Era for Nuclear Energy’ from the folk at the International Energy Agency. And Hooo-eeeee are they bullish! Their numbers don’t lie though and it’s more of a ‘let a thousand reactors bloom’ kinda sentiment than a bona-fide BOOMtime for nuclear’s share of the global pie. Our take? It’s 25 years to net zero, we got 80 SMR designs and a drive to cut costs through standardisation and sequencing. Hit It?Aaaaand because we couldn’t get nary enough NUKES this week, after we recorded, the House Select Committee on Nuclear Energy released its Interim report for the inquiry into nuclear power generation in Australia. Bon appetit!One more thingsAlison’s One More Thing is: a recent Carbon Brief analysis that shows clean energy contributed 10% of China’s GDP in 2024. Exactly the kind of good news we could stand to see more of!Tennant’s One More Thing is: would a Border Carbon Adjustment be a poke in the eye of a newly belligerent USA? (Rather less than the GST!)Frankie’s One More Thing is: speculation that the implementation of the 2025 version of the National Construction Code will remain uncertain, especially with the Productivity Commission’s recent report recommending an independent review of building regulations.Luke’s One More Thing is: that 2025 will see the delivery of sweet, delicious BoCo dessert every fortnight alongside the main course of regular episodes. Head on over to patreon.com/LetMeSumUp to make sure you don’t miss a bite.And that’s all from us Summerupperers! Send your hot tips and suggestions for papers to us at mailbag@letmesumup.net and check out our back catalogue at letmesumup.net.

02-27
01:09:48

LMSU Holiday Special 2024: Well Excuse Me, Wolf Princess!

Support us on Patreon... Tennant, Luke and Frankie are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! Sign up today for access to coveted BoCo like extra subscriber-only episodes, including the recently released Dungeons and Dragons play-though episode. What’s not to love here? Head on over to https://www.patreon.com/LetMeSumUp.The 2024 Wonkies! We are back, one last time in 2024, with our THIRD ANNUAL BUMPER HOLIDAY SPECTACULAR SPECTACULAR! That’s right Summerupperers, ‘tis the season for the Highly Anticipated and Much Sought After awarding of the third annual Wonkies! And we have ourselves a Godzilla vs Kong vs Mothra situation on our hands, as DITRDCA faces off against CCA and DCCEEW for the best climate and energy paper we talked about on the podcast in 2024. It was a lengthy and somewhat contentious debate this year (in which actual real world impact on emissions reduction was mystifyingly discounted), but ultimately consensus was achieved and DCCEEW and Carbon Leakage Review lead Frank Jotzo triumphed with the Carbon Leakage Review Second Consultation Paper! If you are wondering why this paper was such a corker you can hear our thoughts on it, at length, back on Episode 61.Congratulations must also go to the runner-ups in this hard fought category, the CCA’s 2024 Issues Paper, Targets, Pathways and Progress (Episode 46) and  Cleaner, Cheaper to Run Cars: The Australian New Vehicle Efficiency Standard (Episode 42). And if you want to truly appreciate the profound import of that last paper for breaking the karmic policy cycle, why not check out Developments in Australian fuel quality and vehicle emissions standards: a chronology from the Parliamentary Library!Princess Mononoke!!And while the Wonkies are great, what LMSU Holiday Special would be complete without discussion of a movie? And this year we take on an absolute banger, Princess Mononoke, a historical fantasy set in feudal Japan directed by acclaimed filmmaker Hayao Miyazaki. This film has everything! Stunning anime! Giant animal gods! Wolf princesses! Feminist industrialists! Long suffering proto-centrists that wish everyone would just stop fighting and talk it out! TL;DR we vibe with this movie. So great.You can watch it on Netflix in Australia. Also have a read of this interview with Miyazaki himself, which we reference several times in our chat.One more things – annual pop culture edition!!!Tennant’s One More Thing is a highly inaccessible film: Orson Welles classic F for Fake. While there isn’t a good Australian link, if you are inspired by Tennant’s endorsement and wish to go on this particular spirit quest you could start here!Frankie likes recommending podcasts and quarterly essays, and she doesn’t disappoint this year, giving her tick to design podcast 99% Invisible and a provisional tick (not having read it yet) to George Megalogenis’ latest Quarterly Essay, Minority Report, The New Shape of Australian Politics. Which Luke reminded us is also available as an audiobook read by the author himself, if that is your thang!Luke’s One More Thing is a couple of video game recommendations: acclaimed indie platformer Celeste, with a side helping of first party family fun in Super Mario Wonder!Special bonus post show song!!!!And we close out the year with one final treat; the latest offering from the NEMchat Singers, Everybody Wants to Change the Rules, a reflection on the deep and abiding dissatisfaction with our electricity market regime, set to the tune of ‘Everybody Wants to Rule the World' by 80s pop icons Tears for Fears. Thanks to NEMchat Singers Dean Lombard, Mark Henley and the mysterious ‘Gen Taylor’ for letting us share this with you. And if you enjoyed the song be sure to check out their other 2024 offering, Stake it on the Atom!Catch you next year!!!!!And that’s all from us in 2024 Summerupperers! We are taking a break in January but will be back with ever more reports in February 2025. In the meantime, happy holidays to you all, and while you rest up, send your hot tips, suggestions for papers and climate-themed pop culture to mailbag@letmesumup.net, and catch us over on Bluesky at @lukemenzel.bsky.social @tennantreed.bsky.social and @frankiemuskovic.bsky.social

12-30
01:26:34

🎶 On The Third Climate Christmas, CCA Rec’d To Me / Power Builds PDQ Please 🎶

Support us on Patreon... Tennant, Luke and Frankie are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! Sign up today for access to coveted BoCo like bonus subscriber-only episodes, soon to include a game of Dungeons & Dragons recorded in Baku after a chat about the US election. What’s not to love here? Head on over to https://www.patreon.com/LetMeSumUp.—It’s a cornucopia of climate content as your intrepid hosts barely know where to start feasting as the festive season descends upon the pod. Conscious climate consumers that we are, we can’t help but indulge in a little pre-xmas pud of (yet another) NEM review. There are terms of reference, and wouldn’t you know, we have thoughts about them. The TL;DR of *this* NEM review is that there are a bunch of good eggs, led by Tim Nelson, in search of the successor to the Capacity Investment Scheme. And once again, heavy sighs from governance wonks and demand side proponents abound as these do not seem to be a focus. 🙄 If only someone had done some thinking about reform of our energy system governance to enable more demand side action……Aaaand... ...here’s one the Australian Council of Social Service, Australian Industry Group, Energy Efficiency Council and the Property Council prepared earlier! Fresh out of the oven, their report, Demanding Better, has a few ideas... ...aaand mischief managed.Our main paperOn The Third Climate Christmas, the Climate Change Authority gave to us: their 2024 Annual Progress Report! And is Australia on the CCA’s naughty or nice list? There’s no space for such boring binaries on this podcast of note, Frankie will have you know. Australia is somewhere near the middle of the bus we reckon*. Three chunky sections and ten substantial recommendations later and you’d think your intrepid hosts would have their fill of Climatemas Content for now, but alas, all Luke wants for Christmas is a 2035 target 🥲One more thingsTennant’s One More Thing is: the impact of gas prices on bricks! Just how badly is housing affordability worsened thanks to rising gas prices’ impact on a double brick house? Spoiler alert. Not much. And why was Tennant asked about this anyway?Frankie’s One More Thing is: the just launched Greater Sydney Heat Smart City Plan! This plan has its origins in a long running collab between the Western Sydney Region of Councils and Resilient Sydney, with actions and a coordinated program of work to manage city wide heat risk reduction.Luke’s One More Thing is: a callout to all Summerupperers to vote for the climate movie your intrepid hosts should watch and sum up for our 2024 Holiday Special! Cast your vote here to determine our fate! And please, no Soylent Green devotees need respond**.And that’s all from us Summerupperers! Support our Patreon at patreon.com/LetMeSumUp, send your hot tips and suggestions for papers to us at mailbag@letmesumup.net and check out our back catalogue at letmesumup.net. * Please write in if you know what this means – Ed.** Tennant disagrees! Soylent stalwarts unite! – T

12-12
01:11:52

"COP, Collaborate And Listen" Feat. Vanishing Ice

Support us on Patreon... Tennant, Luke and Frankie are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! Sign up today for access to coveted BoCo like bonus subscriber-only episodes, including our feelpinions about the recent US election! Head on over to https://www.patreon.com/LetMeSumUp.–We left you all on a cliffhanger last episode, so for those of you paying absolutely no attention to news reports we’re here to resolve all plotlines! How much did the developed world commit in climate finance? Did the UAE dialogue generate crackling conversation, or trail off awkwardly? And how many thrilling breakthroughs can one Article 6 have in a single COP? We reveal all! To note:If you want to dig into any of the texts referenced in this episode we recommend Carbon Brief’s excellent negotiating texts tracker. If you would like to supplement the sleep deprived, discursive ramblings of this podcast with some actual reporting, their COP29 outcomes summary is second to none.But if you are all like ‘read? Pfft. Give me more pods!’ you can check out Luke’s interview at COP with Assistant Minister for Climate and Energy Josh Wilson over on First Fuel.And that’s all from us Summerupperers! Support our Patreon at patreon.com/LetMeSumUp, send your hot tips and suggestions for papers to us at mailbag@letmesumup.net and check out our back catalogue at letmesumup.net.

11-26
59:40

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