Opposition threats to scrap Australia’s 2030 emissions target and talk up nuclear power have rattled major players behind renewables projects, according to the federal energy minister.
Nervous investors are seeking reassurances from the Albanese government over the fate of the renewables rollout, Energy Minister Chris Bowen has revealed, amid deepening uncertainty over the opposition’s vision for renewable energy in the future power mix.
“We are on our own internationally thinking that we can have an electricity grid run predominantly by intermittent wind and solar,” O’Brien said.He has said renewables would play an important role in the electricity grid but argued against “putting all our eggs in one basket”. Bowen was asked at the National Press Club in Canberra if major investors had voiced worries over the lack of bipartisan support for the government’s renewables goals.“But I’m not aware of any particular decision that has been taken to say we were going to invest and now we’re not.
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