Act now on Australia's power system or pay more later - 0 views
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John Pearce on 17 Dec 13"Australia has a problem with its power system that goes to the core of many issues we're facing at the moment - increasing coal and gas prices, changing electricity usage, and climate change. That's the problem of resilience: how well our power system can adapt to change. Right now, our power system is not in a position to adapt to change. If temperatures rise as expected; if the global price of coal and gas increase dramatically; if global carbon reduction becomes binding; or we start changing our electricity usage patterns, adjusting the system will be very expensive."