Commitment to net-zero will see Australia’s energy prices ‘spiral’

Power Economist Alan Moran says Australia will expertise an analogous spiralling improve in power costs and diminished reliability to the UK if the nation commits to net-zero emissions by 2050.

Mr Moran advised Sky Information host Andrew Bolt the UK is experiencing a rise in gasoline costs attributable to a scarcity attributable to “embargoes on exploration and production”.

“If we do follow the UK route … we will have the same sorts of spiralling prices and reduced reliability,” he stated.

“And unfortunately, we seem to be moving in that direction in spite of the fact the real facts are prices will be lower if we can go to coal and gas.”