May 4, 2021 Read More →

Greenpeace: AGL remains largest source of Australia greenhouse emissions

ABC News:

Greenpeace has accused AGL of attempting to “greenwash” its image, saying the energy giant has failed to take meaningful steps to address climate change.

AGL has pledged to go carbon neutral by 2050, but an analysis by the environmental group has found the company remains Australia’s largest greenhouse emitter.

AGL owns three coal plants – Loy Yang A in Victoria and Liddell and Bayswater in New South Wales – that it plans to operate until the end of their technical lives.

Liddell is set to close in 2022, but Bayswater is due to run until 2035 and Loy Yang A until 2048.

A 2020 Greenpeace report found coal made up 85 per cent of AGL’s output, while renewables accounted for 10 per cent.

In February, the Institute for Energy Economics and Financial Analysis (IEEFA) and Green Energy Markets found the rapid growth of renewables would lead to several coal plants becoming unviable by 2025.

By 2025 an extra 70,000 gigawatt hours’ worth of renewables are expected to be connected to the grid. 

[Jarrod Whittaker]

More: Greenpeace accuses AGL of ‘greenwashing’ its image with 2050 carbon neutrality pledge

Posted in: IEEFA In the News

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