This viewpoint article, New light on an Old Problem, aims to stimulate thought and discussion on pathways to rapid emission reduction trajectories. It considers briefly the history of the Australian energy system and recent attempts to support emerging, distributed energy supply systems, before exploring the importance of new energy supply models and how they may emerge organically, ahead of further policy and regulatory shifts in Australia. The article is shaped by extensive primary research, literature review and engagement with policy makers, industry and community organisations, energy market institutions, colleagues and others over a period of four years. It outlines how new business models may reduce emissions ahead of policy and regulation, and the importance of keeping an open mind when considering 'barriers' to distributed energy. We hope this article will spark interest and dialogue with colleagues who may be experiencing and grappling with similar challenges. (C) 2012 Published by Elsevier Ltd.