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Adair Turner

Australia is sitting on a potential clean energy bonanza

Australia has the perfect answer for the twin perils of rising electricity prices in the short term and the danger from climate change in the long term.

In much of Europe, we have had truly historic temperatures, heatwaves and droughts. There have also been huge droughts in Korea, in parts of China. But in other parts of China we’ve had huge floods, and we’ve had massive wildfires in California.

And all of those are clear evidence that, as the scientists predicted, the climate is changing under the impact of human-induced global warming. But what is quite startling is that the pace of change – the emergence of these extreme weather events – is, if anything, faster than most of the climate models predicted.

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Adair Turner chairs the Energy Transitions Commission.

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    Original URL: https://www.afr.com/link/follow-20180101-p5bg2y