Skip to content
Energy, Environment

Undergrounding will take time and money we don’t have: CEIG

Clean Energy Investor Group < 1 mins read

NSW Parliament is currently conducting another inquiry into the undergrounding of transmission lines. Increased transmission infrastructure is vital for Australia to meet its climate targets under the Paris agreement and undergrounding is both cost prohibitive and slows further Australia’s ability to transition to a clean energy network.

The Minns government previously ruled out undergrounding the transmission lines for HumeLink due to cost. This new inquiry has since been established.

On Monday November 27 the inquiry will be hearing evidence from key industry stakeholders. The Clean Energy Investor Group (CEIG) has made a submission to the inquiry and will appear at the hearing – its Policy Director Marilyne Crestias and CEO Simon Corbell are both available to comment on the issue.

 

CEIG CEO Simon Corbell said: “Australia is lagging on its 82% renewables target, primarily due to the slow deployment of new transmission and Renewable Energy Zone infrastructure, as well as regulatory hurdles within the sector. All the while, investors are increasingly drawn to significant opportunities in the United States driven by the Biden Administration’s Inflation Reduction Act.

“Innovative Australian investors have the capital and the vision to ensure limiting warming to 1.5 degrees Celsius is within our grasp.


“Community consultation is vital and good projects that minimise environmental impacts are entirely possible without the expense and construction time – time we don’t have – for undergrounding.


“We just need State and Federal governments to provide the right policy settings and we can achieve an economy which is both clean energy based and provides sustainable jobs and growth for our children’s future.”

 

ENDS


Contact details:

To arrange interviews, please contact:

Rebecca Gredley 0484 008 095 rebecca.gredley@climatemediacentre.org.au

Danielle Veldre 0408 972 997 danielle.veldre@climatemediacentre.org.au

More from this category

  • Entertainment, Environment
  • 24/02/2024
  • 16:02
#taylorswift4swiftparrot

Australian fashion boss designs Taylor Swift Parrot Tee for US megastar

Aussie Swifties fly onboard to save world’s fastest parrot There’s more than one type of Swifty vying for the attention of mega songbird Taylor…

  • Contains:
  • Environment
  • 24/02/2024
  • 11:26
NSW Environment Protection Authority

ASBESTOS INVESTIGATION UPDATES – 24 February 2024

The NSW Environment Protection Authority (EPA) investigation into asbestos contaminated mulch has returned positive results for two sites in the past day, and a negative result for one site. The total number of positive sites is 61. Two sites have returned a positive result for bonded asbestos: New South Erskine Park Zone Substation, Kemps Creek (not publicly accessible, affected area fenced off) Robyn Kemmis Reserve, Glebe (affected area fenced off) One site has returned a negative result for asbestos: Nepean Hospital, Kingswood Testing at these sites has been done by local councils and property owners. Land managers are responsible for…

  • Contains:
  • Environment
  • 23/02/2024
  • 14:08
NSW Environment Protection Authority

Asbestos Investigation Updates – 23 February 2024

The NSW Environment Protection Authority (EPA) investigation into asbestos contaminated mulch has returned positive results for five sites in the past day, and six negative results for other sites as of yesterday. The total number of positive sites is 59. Of the five new sites, one has returned a positive result for friable asbestos: Wood Street Lands, Forest Lodge (affected area fenced off) Four sites returned positive results for bonded asbestos: Harold Park, Forest Lodge (affected area fenced off) Wentworth Park, Glebe (affected area fenced off) A construction site in Glenmore Park (inaccessible to the public and fenced off) Cranebrook…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.