Meanwhile all states are achieving record highs for renewables powering our electricity system. Looking beyond the current crisis, what are the opportunities for Australia’s transition to a decarbonised electricity system as is strives towards reliable provision, competitive pricing and reduced emissions over the coming decades?
While the opportunity is here and now with Federal and State Governments looking to technology to achieve net zero emissions by 2050, it is critical to determine how these technologies will work harmoniously to decarbonise energy systems, provide new economic opportunities, and meet the needs of Australian industries, communities, and people. This is a snapshot of several key mature and emerging low-emissions energy technologies which are already playing a significant role in Australia’s technology-led transition to net zero.
Electricity accounts for 34 per cent of Australia’s CO2 emissions, and decarbonisation of the sector will be key for Australia to meet net zero by 2050.
Electrification of transport, heating and industry allows decarbonised electricity to eliminate 80% of Australia’s emissions.
Australia is leading the world in per capita deployment of solar and wind power.
Renewable energy is tracking towards 50 per cent of Australia’s electricity generation in 20253, by which time the Australian Energy Market Operator (AEMO) expects Australia’s electricity grids to be capable of running on 100 per cent renewables4. By 2030 it is expected that renewables will supply 69% of Australia’s main electricity grid.
The critical technology mix for Australia includes solar power, wind, pumped hydro and batteries, electricity transmission infrastructure, and electrification of transport and heating.
The Impact X Summit Sydney 2022, happening in Sydney on 9-11 November 2022, brings together industry leaders, climate tech innovators, and government and business decision makers who share a common passion: to tackle this generation’s greatest challenge – climate change.
Beyond Zero Emissions is a leading Australian think tank demonstrating how the country can prosper in a zero-emissions economy. BZE’s latest report outlines Six existing technologies that can help cut...
While grid-connected electrolysis projects can ensure high capacity-factor, efficient utilisation of hydrogen production, they should generally not be labelled as 'Green Hydrogen'. There is a confusin...