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Coal Still Part of Australia’s Power Mix Until 2035
By: International Business Times
A study by the University of Queensland released on Tuesday said that Australia would have to include coal in its power generation mix until 2035. Coal is one of the leading sources of greenhouse gas emissions and supplies 80 per cent of Australia's current power requirements.
John Foster, co-author of the study and professor of Economics, said an orderly transition is needed for Australia to at least cut by 50 per cent its heavy dependence on coal. He added that despite the high carbon price at $23 per tonne, the country's power system is not on track to reduce GHG by 80 per cent to meet Australia's 2050 emission targets.
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