Businesses Must Brace for ‘Expensive’ Energy Transition

Australian businesses have been warned to expect power bill pain on the path to net zero as industry and energy leaders call for policy continuity. Hundreds gathered in Melbourne on March 8 for an event hosted by the Victorian Chamber of Commerce and Industry to discuss the nation’s journey to reach net-zero emissions by 2050. Victorian chamber chief executive Paul Guerra urged the business community not to sit quietly as energy costs rose amid the transition to renewables. “This isn’t a game–this is our future,” he said. “Reliable energy at affordable prices must be our aim.” As the debate heats up federally over the viability of adding nuclear to Australia’s energy transition mix, Mr. Guerra said he was not up for an ideologically driven conversation....