Mark Carney, former governor of the Bank of England and green energy financier, says Australia will reach its emissions targets without interruption to energy supply.
abc.net.au/news/former-bank-of-england-governor-mark-carney-lights-on/102206580Mark Carney, former governor of the Bank of England and Bank of Canada and green energy financier, says Australia will reach its emissions targets without interruption to energy supply.
Lauding Australia's widespread adoption of rooftop solar power, he said a mix of renewable sources coupled with decreasing fossil fuel reliance would make the transition possible. To achieve the massive shift, Mr Carney argued business needs bipartisan support from Australia's politicians. "We're not going to divest our way to net zero, we need to go and invest, particularly where the emissions are. And in order to have that investment, you do need clarity about the main elements of policy," he said.The Eraring power station is scheduled for closure in 2025.
"We shouldn't kid ourselves about extending the lives of coal plants that are aged that require capital expenditure," Mr Carney said.
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