Opinion & Analysis

The majority of global companies have set ambitious public targets to reach net zero, but internally many believe there is insufficient effort being made to transform talk of decarbonisation to reality. The team at consulting firm Partners in Performance recently surveyed ~100 senior leaders at global companies to assess the efficacy of their emissions reduction programs.

Coal will no longer be burned for power in Australia within 14 years. To replace it will require faster deployment of solar and wind, storage, new transmission lines and some firming gas capacity.

In 1971 on a family holiday, my father drove us to look at a huge concrete slab at Jervis Bay, on the South Coast of New South Wales. Still visible today, it was the foundation for what would have been Australia’s first nuclear power plant.

When you graph electricity demand in power grids with lots of solar panels, it looks a bit like a duck, with high points in the morning and evening (when people are relying on the grid) and a big dip in the middle of the day (when many people use their own solar instead and need less from the grid).

Opposition leader Peter Dutton’s talk of stepping back from Australia’s 2030 emissions targets has created confusion and concern on several fronts, and sparked vigorous political debate over our pathway to a carbon-free future.

Opposition leader Peter Dutton this week reiterated the Coalition’s support for the Paris climate agreement, following suggestions he might walk away from the deal. But he fuelled speculation the Coalition plans to scrap Australia’s current 2030 emissions target and confirmed he won’t announce the Coalition’s proposed target before the election.

Much like death and taxes are life’s guarantees, so are warmer days and nights with the Bureau of Meteorology’s long-range forecast predicting Australia to have an 80% chance of above-average temperatures this Autumn.

In Australia’s electricity system, more and more energy from sunlight and wind is being “spilled” – or not converted to electricity. In the past year, the amount of renewable energy spilled was roughly equivalent to the annual consumption of 750,000 typical households, or three months of consumption for the state of South Australia. Some have attributed these dynamics as being driven by a “solar power glut”.

The 2024-25 Federal Budget had been eagerly anticipated, with expectations high for significant support towards green energy initiatives and green industry players.

There are signs that Australian residential battery installations are set to rapidly increase. The appetite among the general public is there, and the conditions for growth are in place. In addition, fees for homeowners and small businesses exporting solar energy to the grid are coming our way.