Finance

Energy investment needs a clear de-carbonisation path

Dick Warburton’s review of the Renewable Energy Target has yet again highlighted the unfortunate politicisation of energy and climate policy in Australia. Quietly released on the same day was AGL Energy’s warning that the overhang of high-carbon power capacity in Australia risks preventing investment in renewables and the broader power sector. This hammers home that the main problem facing Australia’s electricity sector is the fact that the government has created an environment of such political uncertainty that energy policy is coming unstuck.

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