Clean energy companies have asked the federal government “not to get in the way” of the private sector by investing in another publicly owned gas-fired power station to replace Australia’s largest coal-fired plant.
The Nature Conservation Council of NSW estimated Eraring’s early exit could reduce the plant’s lifetime greenhouse gas emissions by up to 87m tonnes, and described it as a “ray of hope for leaving a safe climate for our children”.Taylor said the government would prefer the private sector to build the needed new capacity – likely to be batteries, pumped hydro and gas plants – but left open the possibility it would step in if it was not satisfied.
Thornton said the 660MW gas generator being built at Kurri Kurri was “an excellent example where the government had confused the market”. He said in an ideal world the federal government would introduce a national climate and energy policy to guide cleaner investment. He cited the example of the NSW electricity infrastructure roadmap, which passed parliament with multiparty support and is intended to underwrite the construction of 12GW of renewable energy and 2GW of storage.
– again imposed by some. But this is crucial to make sure that we have enough capacity coming into the market. We’ll work with all players to make sure we’ve got that.”
But money. That is all politicians care about for themselves
You mean like, not interfering in the market? Surely our current PM would be all in favour of that…🤔
Morrison gov is already spending $600m on a new gas plant at Kurri Kurri in Hunter Valley to coincide with the closure of the Liddell coal plant next year' LNP is a free market party then why r they funding priv biz? NO BANKS WOULD FUND IT
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Source: FinancialReview - 🏆 2. / 90 Read more »