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Climate Change

Australia hastens coal plant closures to catch up on climate

Shift from coal could trigger tighter energy supplies, impacting Asia

AGL operates three coal-fired power plants in Australia, including this one in the Hunter Valley.   © Reuters

SYDNEY -- Australia's major power companies are accelerating plans to shut down carbon-spewing power plants that run on coal, due to ramped-up pressure from investors and the government.

Australian power supplier AGL Energy plans to shutter the Loy Yang A Power Station in 2035, a decade earlier than the previous target date of 2045.

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