Written by James Thornhill
Australia’s most populous state plans to fast-track its transition away from fossil fuels by encouraging investment in renewable-energy clusters.
New South Wales on Friday put out a call for $12.7 billion ($8.8 billion) in investment to build solar and wind generation. It’s the second of three planned renewable energy zones to get the green light as the state seeks to move away from polluting coal, which still provides four-fifths of its power, after the worst drought in a century and the most damaging bushfire season in its history highlighted the importance of tackling climate change.
