Yallourn closure a âsign of the timesâ for coal powerâs struggles
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The early closure of Victoriaâs Yallourn power plant has underscored the severity of the economic crisis engulfing the nationâs coal-fired generators and escalated warnings that more plants soon may be forced to scale back output or shut down entirely.
Industry insiders and analysts said EnergyAustraliaâs decision to fast-track Yallournâs retirement by four years to mid-2028 is too far into the future to boost prices to support the viability of other loss-making power stations in Victoria and New South Wales.
Yallourn closure a sign of the times for coal power s struggles
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Yallourn, one of Australia s last brown coal power stations, to close early in favour of giant battery
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Business leaders call on Victorian Government to set interim emissions reduction targets for 2025
Posted
ThuThursday 28
updated
ThuThursday 28
JanJanuary 2021 at 6:56am
Power stations like Yallourn are the biggest emitters in the state, accounting for 51 per cent of Victorian emissions in 2019.
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Victorian Premier Daniel Andrews is being urged to set emissions reduction targets for 2025 and 2030 to boost business confidence and prevent Victoria falling behind the rest of the world on climate action.
Key points:
The Victorian Government failed to set interim emissions reduction targets for 2025 by last year s deadline due to the pandemic
Environment Victoria says a record investment in renewable energy has put Victoria in a good position for ambitious targets