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IEA: Rapid change needed in way we supply, use energy
The IEA says the world is not acting quickly enough on decarbonising its energy system. In its third major report, it notes good progress in solar PV, onshore wind and hydro, but says CSP and offshore wind is dragging the chain, and CCS and nuclear are stalled. It wants governments to act decisively, before it’s too late.4 -
Brown coal power underwrites AGL’s ‘clean’ profit boost
AGL Energy’s decision to buy the nation’s biggest power station emitter has paid handsome financial dividends, despite falls in demand hitting its retail operations. Its wind farm portfolio, however, has overtaken its hydro capacity, and CEO Michael Fraser is still trying to make sense of the political landscape, and its impact on carbon and clean energy.
