The mix of energy regulators, producers and users appearing on day one of The Australian Financial Review Energy and Climate Summit confirmed our reporting that Australia’s stuttering transition has fallen well behind the target of 82 per cent renewables by 2030, which underpins the 43 per cent emissions reduction climate goal.

Decarbonising Australia’s fossil-fuelled electricity grid is proving slower and more costly than previously advertised, with reliability risks increasing as the exits of coal-fired power plants run ahead of cleaner and reliable replacement generation.