New parliamentary inquiry on coal closures

The Investor Group on Climate Change (IGCC) notes the establishment of a new Parliamentary Inquiry on the closure of coal-fired energy generation facilities in Australia, addressing the need to decarbonise our electricity sector, manage community impacts and increase resilience to climate change.

“Reviewing how best to manage the retirement of carbon-intensive ageing coal-fired generation is an important component of the integrated energy challenge. Getting it wrong will have significant implications for investors, communities, and asset owners alike. Having a plan for an orderly and fair transition is vital”, said Emma Herd, Chief Executive Officer of the Investor Group on Climate Change (IGCC).