Energy giant AGL’s record loss has supercharged the end of coal in Australia and called into question the Morrison government’s commitment to expanding gas. That is the message from energy experts who are concerned that Australia’s heaviest emitters are not reading the writing on the wall and transitioning fast enough. The warning follows this week’s release of the Intergovernmental Panel on Climate Change’s (IPPC) report, which found the Earth is just 10 years away from heating 1.5 degrees on top of pre-industrial levels. On Monday, the IPCC delivered a damning assessment of Australia’s role in climate change, warning the planet was heating at a faster-than-anticipated pace. Just days later, the country’s biggest emitter posted a multi-billion-dollar loss.

Source: AGL’s record loss supercharges the end of coal in Australia, experts say