The world will need to pour trillions of dollars into the energy sector if it wants to reach the net-zero target by 2050, according to the CEO of Australia’s largest electricity operator.
Frank Calabria, managing director of Origin Energy, which operates Australia’s largest coal-fired power station, has also urged to “bring as much coal supply back into the system as soon as possible.” He said this would aid a “successful transition” to renewables over the longer term and ease pressure on the power price.
