Multinational consumer goods producer, Unilever, is committing to run its Australian manufacturing sites entirely on renewable energy within two years.
Chief executive, Clive Stiff, said government policy had made the move from conventional energy initially too risky, but the ongoing closure of coal-fired power plants and the ongoing shift to renewable sources made financial sense.
“I think we’re now past that tipping point in Australia where it becomes a very reasonable proposition to invest in renewable energy without carrying an undue risk to financial competitiveness.” Mr Stiff said.