DESERTEC-Australia's report entitled "Australia: Clean Energy Superpower" says that solar power, geothermal and wind energy is rapidly falling in price and the compounding effects of innovation and experience are bringing them rapidly to carbon-adjusted competitiveness.
A massive retirement of coal-fired power plants looms globally. Starting in 2010, much of Australia's current coal-fired capacity will reach 40+ years of age, meaning it will need replacement and carbon capture won't be ready. The organisation believes this presents a once-in-a-generation opportunity to make real progress against climate change by a full steam ahead approach to renewable energy.
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