How the world’s top coal, LNG exporter ran into a power crisis
Australia, the world’s top exporter of coal and liquefied natural gas, is battling a power crunch, posing major challenges for the country’s new Labor government that wants to speed up the shift to greener power.
Faced with soaring global energy prices, coal supply disruptions and outages at coal-fired power plants, the country’s energy market operator has taken unprecedented measures to control electricity and gas prices and secure steady supply.
“It’s a whole cascading series of events that have created this chaos,” said Dylan McConnell, an energy systems research fellow at the University of Melbourne.
