The government is suddenly rushing to prop up coal
HUGE OPEN-CUT coal mines carve up the Hunter Valley in New South Wales. For decades the fuel extracted from them has been hauled by train to nearby power stations, keeping lights on across south-eastern Australia. But their turbines are winding down. One ageing coal plant shut in April. Three others in New South Wales are due to close within a decade. The state is jettisoning coal so fast it is attempting an “industrial revolution in 15 years”, said its energy minister, Penny Sharpe.
Victoria, another Labor-held state, is paying two power companies not to close their stations early. Australia’s bounteous renewables resources should help it adjust. It is as rich in sun and wind as fossil fuels. Yet the task is daunting. The federal government estimates that to meet its targets, Australia must install around 44GW of renewables, plus batteries and reliable sources of power such as hydro. Meanwhile, investment in green energy is flagging.
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