The renewables boom has arrived but coal and gas are creaming it too
Producers of oil and gas are raking in the profits even as the renewables revolution accelerates. How do all these moving parts fit together this decade without big gaps?
Anthony Albanese calls the announcement of $6 billion worth of loans and equity for renewable and transmission projects in Victoria a “historic day” that puts Australia on track to be a “renewable energy superpower”.
Such investment is another necessary down-payment – politically as much as financially – on the enormity of the energy transition urgently required. But it’s no more than that.
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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
