Net zero: Australia’s continued need for fossil fuels.

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 […]