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Taylor expected to release ESB vision for future energy market next week

Taylor expected to release ESB vision for future energy market next week
reneweconomy.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reneweconomy.com.au Daily Mail and Mail on Sunday newspapers.

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OECD says Australia is 2nd dirtiest economy per capita, tells it to clean up

15 April 2021
The Organisation for Economic Co-operation and Development has told Australia it needs to address extremely high per capita greenhouse gas emissions through clear federally-coordinated energy and climate policy.
That would include decarbonising the grid using “market-based mechanisms” – a reference to carbon pricing – promoting the uptake of electric vehicles, and setting stronger emissions targets for 2030 that are in line with the Paris Agreement.
The assessment, published in the OECD’s latest annual “Going for Growth” report, found Australia’s share of renewables in electricity generation (around 20 per cent in 2019) was far below the OECD average of over 40 per cent.
That highlighted the fact that while renewables may be coming online at a rapid rate, and DFAT has been happy to boast about that using photos of a California wind farm, Australia’s coal-heavy grid still has a long way to go before it will catch up with comparable co ....

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"Tidal wave" of new wind and solar will force early coal plant closures

24 February 2021
Many of Australia’s coal-fired generators are facing unplanned and early retirements as revenues fall to unsustainable levels, according to a new analysis that finds a surge in wind and solar investment is pushing coal out of the electricity market.
The findings have been detailed in a joint analysis completed by the Institute for Energy Economics and Financial Analysis (IEEFA) and Green Energy Markets, which found that revenues for coal-fired generators could fall by as much as two-thirds by 2025.
The analysis found that the amount of new wind and solar investment entering the Australian energy market could exceed many recent projections, and a lack of flexibility on the part of ageing coal generators could see them retired sooner than anticipated. ....

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