Jacky Wong reports in The Wall Street Journal on why green investors are buying coal power plants.
- In Australia clean power companies are attempting to buy unprofitable coal-fired power plants to accelerate green energy growth.
- On Monday a consortium of clean energy providers put in a bid to buy AGL Energy, Australia’s largest emitter.
- Although AGL rejected the bid, the consortium would have spent $14.4 to shut down AGL’s plants ahead of schedule and replace them with clean energy and storage.
- To reduce emissions we will need private sector leadership and innovation.
“The move toward a carbon-zero future may still not be as fast as many would like. But perhaps market forces are starting to give a stronger push in the green direction—even in the land of coal and natural gas down under.”
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.
