According to The Australian Financial Review, AGL Energy chief executive Brett Redman says Australia needs to be “steely-eyed” on the transition to cleaner energy, pacing the closure of coal power generators carefully to avoid a shock to the economy but without losing sight of the end goal.
Mr Redman said he was “really worried about where the economy is heading”, driven by “disruption” in the power sector, and as head of the country’s biggest coal power generator he wanted to work with government and other stakeholders to help manage the way forward.
In any case, he sees coal plants as crucial to help manage the shift to low-carbon energy while keeping supply reliable and affordable.
“What we need to do ... is to make sure we go forward in a way that doesn’t bring down the economy in trying to move too quickly,” he said.
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