New research by The Australia Institute shows an overwhelming majority want governments to take serious action to curb climate change. Isaac Nellist reports.
electricity generation
In Australia, the National Electricity Market is rapidly becoming dysfunctional, with power shortages, blackouts and soaring prices making headlines.
Private companies are refusing to invest in new fossil fuel generators to replace those that have closed. This “investment strike” is due partly to uncertainty about carbon pricing and partly to increasingly volatile spot prices received by generators.
The Australian Conservation Foundation has released a report titled Australia’s top 10 climate polluters. It reveals that these 10 polluters — and it’s no surprise that most are electricity suppliers - are responsible for generating nearly one-third of greenhouse gases through their production and use of energy.