As the world battles to slash carbon emissions, Australia considers paying dirty coal stations to stay open longer
- Written by Tim Nelson, Associate Professor of Economics, Griffith University
ShutterstockA long-anticipated plan to reform Australia’s electricity system was released on Thursday. One of the most controversial proposals by the Energy Security Board (ESB) concerns subsidies which critics say will encourage dirty coal plants to stay open longer.
The subsidies, under a so-called “capacity mechanism”, would...
