The Wall Street Journal‘s Editorial Board writes on Australia’s power crisis.
- The Australian government has begun a mandated shift toward clean energy generation.
- This has forced many of Australia’s coal plants, which are necessary for backup power, to shut down or skimp on upgrades.
- While clean energy is important for reaching climate goals, it must be introduced to the grid through market forces, not government mandates.
- The United States can learn from Australia’s mistakes by investing in energy innovation and reducing regulations for all energy projects including transmission line buildouts.
“The lesson for the U.S. is that a force-fed green transition invariably produces energy shortages, which then prompt calls for government intervention that often creates more market dysfunction.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
