Alan Kohler: It’s 1973 all over again, but with a greater energy cost for Australia

With a global economy geared to burning fossil fuels, it was never going to be easy to switch to renewables, writes Alan Kohler. Photo: TND

Without a legislated price on carbon, everything had to go right for the transition from fossil fuels to solar and wind to go smoothly.

But everything didn’t go right, did it? Russia invaded Ukraine and two of the world’s biggest exporters of oil, gas, coal and food are out of the market.