Australia’s Energy Security Board (ESB) has dispelled rumours of a coal-centric plan after releasing its suggestions on how, it believes, the nation should work to combat rising concerns of energy insecurity. The report released by the ESB comes after the board issued a warning to Australia’s leaders that the proliferation of solar and wind generation could severely disrupt energy stability without major reform to the nation’s electrical grid. However, communications between the ESB and energy ministers had spurred hearsay of a “capacity mechanism” which would purportedly see coal plants paid to remain afloat, inciting fury from renewables proponents believing the move could hamper clean energy investment altogether. “Any subsidy for old coal would undermine confidence in new clean energy generation critical to delivering long-term energy reliability of supply, reducing emissions and supporting economic growth,” said peak green energy body the Clean Energy Council. Tesla also expressed discontent alongside more than …
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