By 2070, Townsville will have long severed its links and dependence on the national electricity grid. Nearby fossil fuel assets became stranded, as shareholder value collapsed in the face of a sustained downturn in global coal prices.
“It is fair to say that the long-run future of coal is now ‘in play’ in commodity and equity research markets” – HSBC
Some questions to think about:
- When and how does North Queensland sever the link with the National Electricity Market? Should the link be severed?
- What are the implications for local electricity generation and consumption if NQ goes it alone?
- What are the barriers to a large-scale transition to an off-grid system?
- What are the implications for the existing electricity distribution network? How does it impact its value, today and into the future?
- Can collaborative consumption models open up pathways for a funded transition?
- What does this mean for energy intensive industries? How does industry respond to such possibilities?