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Environment
Tony Wood, Program Director, Energy, Grattan Institute

Victoria signals end of coal by announcing a new 95% renewable target. It's a risky but vital move

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It’s the end of the line for coal in Victoria, after Victorian Premier Dan Andrews today announced plans for 95% renewables within 13 years. Until now, the industrialised state has been aiming for 50% by 2030.

But it’s also the end of the line for our ailing, mostly privatised, energy market. Public ownership is back in vogue – in a recognition the energy market cannot deliver the transformation required. The Andrews Labor government would bring back the State Electricity Commission (SEC) if re-elected next month and use this to build new renewable energy projects.

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