Converting all home appliances and cars to run on electricity could save Australian households $40 billion a year by 2028, according to a new report from thinktank Rewiring Australia, the work of Australian-American entrepreneur Saul Griffith.
Melbourne-based public transport company Kinetic has been awarded a $2.3 billion contract by the Victorian government to replace more than half the city’s fleet with low or zero-emissions vehicles by 2031.
Closed-loop pumped-hydro storage offers more chances to minimise environmental effects on water sources and overcomes the problem of finding suitable sites. According to an Australian research team, closed-loop systems could prevail on open-loop systems in the future and this trend is confirmed by another group of scientists from the United States.
Rose Amal arrived in Australia from Indonesia 38 years ago to study at UNSW. Now her leadership and research are contributing to a new sustainable economy for Australia and clean fuels for energy-hungry industries.
PV’s contribution to a cleaner future can go well beyond generating emissions-free energy, but maximising the opportunity is not always straightforward. Ragna Schmidt-Haupt, partner at Everoze and a board member at Skyray, argues that investors and lenders have to start making decisions today to fulfil the required disclosure regulations and make sure their fleet has a positive impact on biodiversity. The key challenge is to weigh the techno-economic-ecological risks, opportunities, costs and revenues.
Australia’s clean energy transition is predicted to accelerate in the coming years with a new report suggesting most Australian homes and businesses will have switched to solar PV modules paired with batteries by 2030 while the nation will have the highest penetration of renewable energy per capita in the world.
New South Wales, Australia’s most populace state and largest economy, has upped the green ante, today setting a new target which will see it rival clean energy powerhouse South Australia. The state government is seeking to spur more than $37 billion in private investment from its policies, hoping to double the state’s economy.
New South Wales households and businesses will soon be incentivised to install technologies and appliances which can operate outside peak demand times as part of a scheme the state government’s claims could save consumers $1.2 billion on electricity bills by 2040.
President Xi Jinping’s pledge this week at the United Nations General Assembly that China will not build new coal-fired plants abroad is welcome news; however, Asia’s transition to low carbon energies remains in dire need of policy reforms.
The urgent global need for tens of terawatts of solar capacity to replace fossil fuels by 2050 signals it’s time to hone in on developing the most sustainable technologies — before reserves of silver, indium and bismuth dry up.
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