October 24, 2018 Read More →

Key Australian energy adviser backs renewables over coal

The Sydney Morning Herald:

The federal government’s top energy adviser Kerry Schott says the plunging cost of renewables will force Australia’s remaining coal plants to close even earlier than planned, as mining giant BHP renewed calls for a price on carbon to urgently slash national emissions.

Energy Security Board chair Dr. Schott on Monday predicted that renewables would force many of Australia’s remaining coal-fired power plants to make an early exit from the energy market, by beating them on price.

“Commercial reasons will be made about retiring coal plants and they’re likely to get dropped out the door faster than their technical lives would suggest,” she said at a Committee for Economic Development of Australia event in Melbourne.

But she said the transition must be well managed to avoid a hasty rush to renewables pushing up energy prices.

More: Coal’s days are numbered, top government adviser says

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