Policy

Over the last two years, corporate renewable power purchase agreements have become a major force in Australia’s large-scale renewable energy market. In hard figures, 70 leading Australian organizations have made the switch to renewable energy and procured nearly 2.3 GW of mostly solar and wind electricity and supported 5.2 GW of projects, finds the Business Renewables Centre of Australia.

From an energy-hungry importer to a frontrunner in the decarbonization race, South Australia has set the bar high for how to efficiently transition to a low-emissions grid dominated by renewables. With wind and solar already supplying more than a half of its electricity, the state’s energy transition shows no sign of letting up. In fact, South Australia is gearing up to accelerate the pace of its clean energy transition and expand its big PV fleet as it moves toward its 2030 target of “net” 100% renewables.

The Australia Institute’s National Energy Emissions Audit revealed the disheartening news that growth in diesel consumption, mainly in road transport, has negated gains made in carbon emissions reduction achieved in the NEM. But one Australian automotive-engineering firm has plans to transform the light-to-medium-duty diesel-slurping vehicle sector to run cleanly and quietly on electricity.

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.

Recent Wood Mackenzie analysis suggests Asia Pacific’s decarbonisation bill could hit US3.5 trillion by 2040. US$3.5 trillion is enough to buy everyone in Sydney a house at Sydney’s inflated housing prices, or alternatively, it’s enough to buy everyone a single avocado toast at a trendy cafe.

Recent analysis from Wood Mackenzie predicts green hydrogen, produced primarily by solar electrolysis, will reach cost parity in Australia, Germany and Japan by 2030.

New research by the World Gold Council identifies greenhouse gas emissions across the whole supply chain of gold mining and sets out a plan to aureate the industry’s carbon footprint with solar PV and other renewables.

After Genex Power’s offtake agreement with EnergyAustralia fell through earlier this month its concessional federal funding lapsed. However, the Project has secured an extension into 2020, hopefully allowing it enough time to restructure and reach financial close.

Elon Musk has promised a fab near Berlin that will help create up to 10,000 new jobs. Tesla wants to build the facility near the city’s controversial new BER airport.

Qantas has set itself a 2050 net-zero carbon emissions target as the national carrier looks to push the aviation industry toward more sustainable practices.