OECD says Australia should increase EV and renewable energy take up amid fuel crisis – as it happened

Get our breaking news email, free app or daily news podcast The OECD says Australia should respond to the global oil shock by accelerating our uptake of electric vehicles and renewable energy. The Organisation for Economic Co-operation and Development’s chief economist, Stefano Scarpetta, recognised that governments had a variety of ways they could ease the strain of soaring fuel costs, particularly for the most vulnerable households. “But this crisis also demonstrates that the need to wean our economies off the dependency on fossil fuel imports is increasingly urgent,” he said. The Paris-based organisation, commonly referred to as the club of rich countries, pointed out that Australia among its member nations is “particularly” reliant on diesel. But in contrast to the Coalition’s call to expand oil and gas production, the OECD said: double quotation markAustralia’s vulnerability to fuel supply disruptions underlines the case for accelerating progress with electric vehicle adoption and renewables generation, with improved grid links and increased storage capacity. The OECD also backed doing more to encourage the supply of new homes in well-located areas. The report sa