The clock is ticking for coal, says top energy advisor
Coal’s time as the leading source of energy production in Australia is limited, with coal fired power plants likely to close sooner than expected in the face of a surging renewables market, the government’s top energy adviser has said.
In addressing a Committee for Economic Development of Australia event earlier this month, Dr Kerry Schott said that the new commercial reality of the energy market will see more coal plants retired sooner as the nation transitions to renewable energy.
Dr Schott was cautious in advising how soon the nation should transition to a majority renewable market, saying that the shift must be well managed by federal and state governments.
Dr Schotts comments come in advance of a Council of Australian Governments (COAG) meeting this coming Friday, with energy costs likely to be front and centre of the conference.