Australia’s Federal Government this week announced a new energy policy that walks away from introducing a post-2020 Clean Energy Target of 42% in favor of a National Energy Guarantee that puts the power of choice into the hands of the nation’s utilities.
Chief scientist Alan Finkel says it is clear that investors in the energy market prefer wind and solar because they are cheaper to build than traditional generation such as hydro and coal.
Australia’s conservative media commentators have found a new target for their anti-renewables angst, this week launching what was regarded as an almost inevitable attack, on Alan Finkel – Australia’s chief scientist and the man chosen to lead the independent review of the reliability and stability of the National Electricity Market.
Chief scientist Alan Finkel has outlined the case for serious and urgent market reform in Australia’s energy markets, saying the solutions for the massive and “unstoppable” transition to a grid based around wind and solar exist, but the market structures and the supporting policies do not.
