Australia’s energy crisis has seen years of insufficient supply and surging prices that have led to government interventions.
The country is getting serious about achieving long-term stability, and ensuring it has ongoing access to local energy from a variety of environmentally responsible sources.
All of this added up to a perfect storm of insufficient supply and ever higher prices that caught government, businesses and citizens off guard.
The Australian government has been stepping in over the last few years to try to control energy prices and ensure sufficient demand for the country.
Currently, purely renewable sources of energy are simply not sufficient to meet demand globally. This is particularly true in Australia, where high prices and supply problems linger.
Australia’s transition to net zero will rely on reliable and clean energy sources. That will involve a mix of renewables such as wind and solar combined with cleaner traditional options, such as natural gas.
Expect more innovation and scaling up across Australia related to the transition energy economy. The country’s energy crisis is ongoing, and both the business sector and the government are actively trying to change things for the better. This dynamic offers a compelling investment opportunity for investors looking at the energy transition sector.
Diane Peters is a freelance writer based in Ontario.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
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