Energy Minister Angus Taylor’s plan to turn brown coal into a hydrogen export market to save the La Trobe Valley, which he described as a “significant project”, defies financial credibility, writes Brian Toohey.
Hydrogen Hype: Angus Taylor’s last throw of the dice for brown coal – Michael West
The decision comes as a flood of new renewable energy has been driving down daytime power prices and piling enormous pressure on Australia’s fleet of ageing coal-fired power plants, which are far more expensive to operate and, increasingly, struggling to compete.
Victoria’s Yallourn coal power plant to close early as clean shift slashes prices
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