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.
Read the full article here.