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.
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“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.”
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The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
