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.
Read the full article here.