This new report suggests that completely abandoning fossil fuels to reduce carbon emissions might not be the most prudent approach. According to the report Australia needs to plan and build a large fleet of gas-fired peaking generation to help accelerate renewable growth, and close coal power on time. Renewable energy investment faces major risks in a period of rapid transition. Risks to the rapid transition include the high capital intensity of renewables; a limited supply of long-term purchasing commitments; grid access constraints; global competition for finance, equipment and skills; uncertain closure dates of coal power plants; and competition from government […]