RBA flags regional risks from green energy transition
Fossil fuel exporters likely to face negative impact without benefiting from new sources of energy
Some Australian regions dependent on fossil fuel exports are likely to suffer negative impacts as renewable energy sources grow, said economists at the Reserve Bank of Australia.
Alexandra Heath, head of economic analysis at the RBA, said global commitments to reducing CO2 emissions may negatively impact some Australian regions. In a speech in Perth on June 5, Heath said “under this scenario, there is a faster global transition away from carbon-emitting sources of energy, and Australia’s
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