It’s been a busy couple of months in global energy and climate policy. Australia’s largest trading partners – China, South Korea and Japan – have all announced they will reach net-zero emissions by about mid-century. In the United States, the incoming Biden administration has committed to decarbonising its electricity system by 2035.
Cornwall Insight Australia’s Lead Consultant – Market Analysis, Lumi Adisa, compares the lead times of major coal fired power station retirements in the National Energy Market (NEM) and analyses how renewables, particularly solar plus battery storage, are able to replace lost generation in the transition to a two-sided market.
A team of international researchers featuring ANU’s Prof Frank Jotzo has published a study on the ‘just transition’ from coal to renewable sources of energy. The paper looks at comparative examples of transitioning economies, taking account of political realities, and ultimately shows that a ‘just transition’ is just about the only transition worth having.
The Australian Energy Regulator (AER) has given its tick of approval to the proposed $1.53 billion electricity interconnector between Robertstown in South Australia and Wagga Wagga in New South Wales. The new transmission line holds the promise of reducing power bills in both states by unlocking gigawatts of planned renewable energy projects in its close proximity.
Australia’s utility-scale renewable energy sector is set for a record year with 3.6 GW of projects expected to complete commissioning in 2020, Rystad Energy finds. This comprises 1.96 GW in utility PV projects and 1.57 GW in wind developments, with the remaining 0.1 GW coming from batteries.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.