Posts Tagged "Australia"

“Our customers mining for coal, oil and gas, as well as those in coal-fired electricity generation and related industries, are increasingly exposed and may experience transition risk as a result of decreasing demand for fossil fuels and increasing demand for clean energy.”

– Statement in the 2016 Corporate Sustainability Report for ANZ, one of Australia’s largest banks.

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“The question is not if coal-fired power stations will close but how quickly and orderly these closures will occur and what supporting policies, if any, will be in place to help manage the process.”

 – From a report by the Australian Senate that recommends developing a comprehensive energy transition plan that leads to the closure of all the country’s coal-fired power plants in an systematic fashion with plenty of warning. The report cites economic factors as the primary driver of the recommendation.

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