Simon Holmes à Court 2021 Update Highlights
JACK MEEHAN
Energy expert Simon Holmes à Court explained that we are at a tipping point in the clean energy transition of the electricity sector, with the coal sector rapidly becoming unprofitable.
The transition is happening much faster than the Finkel Report predicted, and even faster than the Step Change Scenario of the Integrated System Plan, boosted by the continued deceleration in prices in the renewable sector and the massive uptick in storage rollout across Australia.
“We can have an orderly transition or we can have a chaotic disruption”.
– Simon Holmes à Court
Holmes à Court reminds us that gas usage is shrinking, really only needed for peak demand: ‘Solar and wind have pushed out a lot of coal, and quite a bit of gas’, reducing electricity quite a bit in the last three years.
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