Is your country aiming for a reliable, low-emissions electrical grid? If so, then Australia offers valuable lessons in what not to do.
Instead of making a smooth transition, the country is stumbling its way toward a cleaner electricity system in a manner that is hurting companies and households alike, according to business leaders and environmental groups interviewed by Bloomberg BNA.
“The Australian grid is now in a process of much more advanced degradation than people realize,” said Matthew Warren, head of the Australian Energy Council, which represents 21 major electricity and gas businesses. “The world gets to sit ...