OECD urges Australia to accelerate EV and renewable energy adoption amid fuel crisis
By
Krishani Dhanji, Luca Ittimani, Melissa Davey, Catie McLeod, Josh Taylor, Patrick Commins, Ben Doherty, Andrew Messenger, Jordyn Beazley, Benita Kolovos, Josh Butler, Petra Stock, Cait Kelly, Dan Jervis-Bardy, Amanda Meade, Caitlin Cassidy, Martin Farrer
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Summary
The OECD recommends Australia accelerate its adoption of electric vehicles and renewable energy in response to the global oil shock and fuel crisis. OECD chief economist Stefano Scarpetta acknowledges governments can ease fuel cost burdens for vulnerable households but emphasizes the urgent need to reduce dependency on fossil fuel imports. The article is a blog-style news piece covering this policy recommendation.
Key quotes
· 1 pulledBut this crisis also demonstrates that the need to wean our economies off the dependency on fossil fuel imports is increasingly urgent
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