Under the business-as-usual scenario, Western Australia could use up its Paris-Agreement 1.5°C compatible carbon budget within 12 years but a massive ramping up of renewable energy capacity would unlock significant economic opportunities for the state, finds a report by Berlin-based science and policy institute Climate Analytics.
State and federal energy ministers have given a tick of approval to the National Hydrogen Strategy prepared by chief scientist Alan Finkel and voiced support for a $370 million fund for green hydrogen projects. Against high expectations of the country’s hydrogen export potential, a report finds that Australia has overhyped the potential demand for hydrogen exports by a factor of up to 11.
The possibilities presented by hydrogen are the subject of excited discussion across the world – and across Australia’s political divide, notoriously at war over energy policy.
New Analysis from Hydro Tasmania shows the island state to be in a unique position to lead the nation in the production of green hydrogen from renewable sources.
In late 2016, Queensland’s Labor Government revealed a plan for 50% of the State’s electricity to be renewably sourced by 2030, and the state has made significant steps toward that goal.
Abundant sunshine, favorable policy settings and high power prices have long placed Australia at the cutting edge of rooftop solar uptake. The more recent utility-scale boom has further enhanced its status as a PV leader. Battery adoption, microgrids, EVs and green hydrogen are all taking shape, yet what should be an Aussie smart energy no-brainer continues to be dogged by mounting investment uncertainty and a toxic debate on the national level.
A number of massive PV projects have been proposed for Australia’s north, with the concept built around clean power exports to Southeast Asia. Is it Desertec Down Under? Proponents are certainly hoping for more success.
Recent analysis from Wood Mackenzie predicts green hydrogen, produced primarily by solar electrolysis, will reach cost parity in Australia, Germany and Japan by 2030.
A result of a collaboration between global accounting and financial services firm KPMG, Canadian gas giant ATCO, Australia’s national science agency CSIRO and Australian Renewable Energy Agency (ARENA), H2City can be used to assess the costs and benefits of regional town or municipality switching to hydrogen.
Four years ago in December 2015, every member of the United Nations met in Paris and agreed to hold global temperature increases to 2°C, and as close as possible to 1.5°C. The bad news is that four years on the best that we can hope for is holding global increases to around 1.75°C. We can only do that if the world moves decisively towards zero net emissions by the middle of the century.
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