The end of coal-fired generation in Australia is inevitable.
Zero marginal cost, zero emissions energy is now a reality. Wind and solar are cheaper sources of new electricity than coal in most cases, putting significant pressure on the profitability of the inflexible, ageing coal generators.
The only questions are when coal-fired power stations will close and how well Australia will manage that phasedown.
That’s why we need to talk about the role governments can play to ensure the transition is orderly, maintains energy security, avoids price spikes that have followed past closures, looks after affected workers and communities, and ensures Australia meets its commitment to reduce greenhouse gas emissions by 2030 to 26-28% below 2005 levels.
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In recent weeks, we have witnessed the power of innovation to solve catastrophic problems. Most notably, we have seen the extraordinary human accomplishment of delivering vaccines within a year to counter Continue Reading
In recent weeks, we have witnessed the power of innovation to solve catastrophic problems. Most notably, we have seen the extraordinary human accomplishment of delivering vaccines within a year to counter the novel coronavirus, COVID-19 an achievement that was accelerated by the U.S. government’s Project Warp Speed.
What many people may be less aware of is that across America and other global innovation centers, companies are striving to harness that same power to tackle climate change. Businesses of all sizes are toiling away to deliver products that together could dramatically increase the likelihood that ou