Power Giant Urges Australia to Exclude Coal in Its Clean Target
- AGL Energy says renewables, gas should be focus for nation
- Government faces pressure to cut emissions without price boost
Steam billows from the cooling towers of the Loy Yang coal-fired power station operated by AGL Energy Ltd. in the Latrobe Valley, Australia.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
Australia’s largest power generator, AGL Energy Ltd., has urged the government to exclude coal from its planned clean energy target and said there is no appetite among private investors to fund new coal-fired power plants.
AGL, which sources 77 percent of its electricity generation from coal, said including the fossil fuel in the target would send the wrong signal for the industry, which should prioritize more low-cost, efficient clean energy alternatives.