This week on The Fin, senior reporter Angela Macdonald-Smith and senior writer Ben Potter on the mammoth task ahead to re-engineer the country’s power system, why we are unlikely to meet those 2030 climate targets and how we can get back on track to reach-net zero by 2050.

Further reading:

• Meeting 2030 climate targets close to ‘impossible’ Energy industry leaders are increasingly convinced that Australia will miss its 2030 climate targets, as the pace of adding renewable energy, back-up capacity and transmission falls further and further behind what is needed.
• Phased Eraring shutdown on cards as price worries mount Fortescue Future Industries director and former Reserve Bank deputy Guy Debelle warned that the lagging response in the supply of clean energy poses a risk for prices over the next 10 years as the economy transitions to low-carbon energy.
• Farmers revolt at Victorian power plan Australia hasn’t built transmission projects this large across farm country for decades. The projects are critical to the transition to net zero, but farmers say they’ve been ignored, taken for granted and patronised.

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