Frankie says we need more Gas, I suggest he and Tom talk Turkey...

Frankie says we need more Gas, I suggest he and Tom talk Turkey over Rafa.

Sydney Today.

Origin CEO says rising fuel costs could weaken support for transition to renewables

Origin Energy’s chief executive, Frank Calabria, has used his keynote address at Committee for Economic Development of Australia (Ceda) in Sydney to warn that rising energy prices could erode support for any transition away from fossil fuels.

He noted that the scale of the change ‘over this decade is truly staggering’.

Some $76bn will needed to be invested by 2030, with the required pace of new renewables and storage much faster than is currently happening.

Given the scale of the investment required,[it] will undoubtedly create upwards pressure on energy bills’, he said.

I fear rising energy prices could erode community support for the transition.About 3 gigawatts of large solar and wind plants are slated to come online in the national electricity market.

This is good but we’ll need much more - an expected 28GW by 2030.

Calabria says more sources of gas are needed … but notably hasn’t appealed against a windfall tax.