"The International Energy Agency confirmed last week what many already knew:
the world is undergoing a huge transformation in global energy markets. Fossil
fuels are dying and renewables are on the rise.
Much of the focus has been on what this means for Australia, given the IEA
declared there can be no new fossil fuel projects if global temperature rise is
to be kept below 2℃.
But what the discussion has missed is how the shift to renewable energy is also
set to transform Australia’s geopolitical environment. For a country that likes
to think of itself as an energy superpower, it’s time we started paying
Australia should embrace the opportunity to become a renewable energy power. If
we don’t act now, with the global energy transition gathering pace, Australia
could be exposed to a hostile international energy environment with profound
economic, security and diplomatic consequences."
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics