There are four key Lessons the renewable industry to take away from 2024, cover storage, solar, and everything in between
All Australian energy customers could have their electricity costs reduced if flexible exports were enabled country wide.
Opposition Leader Peter Dutton’s plan for nuclear power in Australia has provoked a great deal of discussion and analysis – most of it critical, writes John Quiggin, a Professor of Economics at the University of Queensland.
The energy transition will bring more change in the next decade than over the last century combined, raising key questions for the Australian bush or the United Kingdom countryside about the role of social licence versus social value.
Australia is on the cusp of a once-in-a-generation transformation, as our energy systems shift to clean, renewable forms of power. First Nations peoples, the original custodians of this land, must be central to – and benefit from – this transition.
Australia is on track to reach the Albanese government’s 43% emissions reduction target by 2030, according to the most recent analysis by the Climate Change department.
The petroleum-laden dust has settled on this year’s United Nations climate summit, COP29, held over the past fortnight in Baku, Azerbaijan. Climate scientists, leaders, lobbyists and delegates are heading for home.
Solcast, a DNV company, reports that the upcoming Australian summer is likely to see cloudier than usual conditions, potentially reducing solar generation across key regions, especially along the east coast.
Singapore could import large quantities of low-cost solar power from neighbouring countries using undersea cables, with the indicative cost being competitive with gas generation. Unlimited world-class pumped hydro energy storage is available in neighbouring countries in the range 50-5000 GWh to support very large scale transmission.
Australia is in the middle of an historic transition away from fossil fuels to renewable energy and this transition is not without challenges. Investment in new, large-scale renewable energy capacity has been slowed by grid bottlenecks, slow planning approvals, rising costs, and a lack of alignment between energy supply and demand. This has many experts fearing Australia will not meet its ambitious 2030 climate targets.
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