Huge Investment Needed for Smooth Transition to Net-Zero: Energy Regulators

[Epoch-Times-Bot]

Huge Investment Needed for Smooth Transition to Net-Zero: Energy Regulators

Significant investment and coordinated policy reform with a persistent focus on cost management is needed for Australia's National Energy Market (NEM) to smoothly transition to net-zero.
The Energy Security Board (ESB) released its annual Health of the NEM report after a tumultuous year, with surging wholesale energy prices and a temporary suspension of the entire market in June.
"The energy transition is a complex coordination exercise on a national scale that will affect all parts of the supply chain," ESB Chair Anna Collyer said. "Events earlier this year highlighted the types of challenges we face and the bumps that can emerge."...

Source: Huge Investment Needed for Smooth Transition to Net-Zero: Energy Regulators

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