For a long time, Australian governments have believed that the . Successive governments have used market instruments to incentivise reducing emissions, by supporting renewables, discouraging coal use, or both.
Liddle Power Station
The electricity industry crisis has reached new heights, with the federal government pressuring giant energy company AGL to keep the ageing Liddell coal-fired power station open for a further five years after 2022, its due date for closure.
Liddell, in the Hunter Valley region of NSW, is a coal-burning dinosaur. The reality is neither the government鈥檚 policy of defending Big Coal, nor its reliance on the so-called 鈥渆nergy market鈥, will solve the problem of skyrocketing electricity prices for consumers or the looming environmental crisis.