Would more coal-fired power stations would be a mistake?

In Energy, Latest News

Building more coal-fired power stations would be an environmental and economic mistake, according to the Australian Academy of Technology and Engineering (ATSE).

ATSE made the statement amid media speculation that the Government would use the ACCC’s recent report to justify underwriting baseload power investments based on coal.

ATSE President Professor Hugh Bradlow FTSE said the Academy had long advocated for technology-neutral policies that could address the energy trilemma – providing reliable and secure electricity, at an affordable cost to the consumer, while reducing and eventually eliminating greenhouse gas emissions.

“New coal-fired power stations will not reduce the cost of electricity and will not aid efforts to reduce emissions.

“The main reason coal fired plants struggle to obtain funding is the concern around dramatically reduced economic service life for such plants as we transition to an electricity system with lower emissions.

“The rest of the world is eschewing coal-fired power. China and India between them have built 85% of the world’s new coal-fired power capacity since 2006 and are now rapidly abandoning coal. Their pre-construction plans have shrunk over the last 3 years from 515GW to 76GW in China and 218GW to 63GW in India.”

You may also read!

Easternwell

Two contracts awarded for $200M gas project

A well drilling contractor and building material manufacturer have each been awarded a tender for a $200 million natural

Read More...
BHP South Flank landing sunset

Virus outbreak confirmed at metal mines

A severe infection has been diagnosed several times at two mines owned by a multinational resources giant. Six cases

Read More...
Man being electrocuted Adobe Stock

New safety code takes aim at unlicensed workers

New rules are hoped to deter dodgy businesses from hiring unlicensed workers to perform dangerous jobs. Only licensed electricians

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu