Business
Vital Signs: timing of Yallourn’s closure shows it’s high time for a carbon price – The Conversation AU
For an orderly transition from fossil fuels, Australia needs a carbon price to replace its hodgepodge of clumsy government interventions.
If you ever doubted the price of renewable energy was falling so rapidly it would eventually replace fossil fuels, the expedited closure of the Yallourn coal-fired power plant should change that.
Energy Australia announced this week it would close the 47-year-old power station in Victorias Latrobe Valley in 2028 four years earlier than expected given the low price and high uptake of renewable energy.
This is good news for the environment. Yallourn is the nations most carbon-intensive generator….
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