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Ongoing investment is ‘needed’ due to energy market transition

Ongoing investment is “needed” to support the Australian economy during its energy market transition, according to Australian Energy Council Chief Executive Sarah McNamara.

“We’re well on our way to net zero by 2050, but over the next decade, we know we’re going to see around 13 per cent of our existing capacity to depart,” she told Sky News Australia.

“Now what the market operator does in his annual report … is it only deals with committed projects, so where we see reliability gaps in the future, AEMO is not taking account of pipeline projects that aren’t yet fully committed.”

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