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Australia says reliance on coal-fired power drops to record low

  • Australia's reliance on coal-fired power has dropped to a record low, accounting for less than 50 percent of its electricity for the first time, the market operator said Thursday.
  • Renewable energy sources supplied a record 46 percent of electricity in the quarter, peaking at 75.6 percent on November 6, according to the market operator.
  • Greenhouse gas emissions in the period reached record lows, as reported by the market operator.
  • Australia's government announced an extra US$1.2 billion in clean energy financing to speed a transition from coal and other fossil fuels to renewables.
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