Australia to start new ‘green’ energy strategy
Launching a new national energy strategy, the Australian Energy Market Operator (AEMO) on Friday said it would invest $10 billion in green technologies and new clean energy projects across the country.
Key points:Australia’s new national climate policy will involve more renewable energy, but it won’t be as carbon intensive as previous effortsThe plan will also involve carbon capture and storage, including coal powerThe policy will see more renewables installed and pumped into the national grid, and more of the country’s hydroelectricity and nuclear power phased outThe policy comes as the Turnbull government struggles to implement a plan to phase out coal power in favour of more renewable energies.
Prime Minister Malcolm Turnbull said he would sign the policy into law within months, but some industry analysts were skeptical that the plan would be a big boost to Australia’s economy.
“The strategy is an expansion of the national energy mix, but the focus is on energy efficiency and cleaner energy,” Mr Turnbull said.
“We will invest in new clean technology to achieve our goal of reducing our carbon emissions and our carbon footprint by more than 50 per cent by 2030.”
Under the new policy, AEMO will invest $15 billion over four years in green technology projects across Victoria, Western Australia and New South Wales.
The goal is to produce enough green energy for an average Australian home to run on 50 per, 80 per or 80 per cent of the year, and will see a significant investment in coal power, according to AEMo.
But the plan will not include a carbon tax, meaning it will not have a significant impact on Australia’s emissions.
In a statement, AECO chief executive, Michael Hynes, said the policy was the latest step in a national energy policy to be delivered as part of the Climate Change Act of 2020.
“This is a long-term strategic approach that will create jobs and generate new wealth for the Australian economy,” Mr Hynes said.
Mr Hynes pointed to the country building its new national power grid, which is already the world’s largest.
“At the same time, the National Energy Market has a growing capacity to generate electricity for consumers, businesses and government agencies,” Mr, Hynes added.
“It is a clear recognition that there is an urgent need to make sure we continue to build upon our energy mix to meet the growing energy needs of Australia and around the world.”‘
We’re going to get more energy’The new policy will not be the first time Australia has tackled climate change, and there is little doubt that it will be controversial.
“Australia is going to be much more reliant on renewable energy in the future,” Mr Abbott said.
However, Mr Turnbull has been criticised for the slow pace of the transition to renewables, and some analysts say it is unlikely the policy will lead to a significant shift in energy use.
“If you have a climate change policy that looks very similar to what the UK is doing and nothing else, it doesn’t seem likely that you will see significant changes in the use of fossil fuels,” Professor Alan Finkel, a climate and energy expert at Griffith University, told the ABC.
“What we’re going the wrong way is a very slow transition.”
Topics:climate-change,energy,environment,government-and-politics,energy-and/or-utilities,energyal-and–utilities-and_environmental-issues,climate-policy,energy—pollution,energy source Vice Media title Australia’s new climate policy won’t have a carbon price, but will have a green energy mixIt will have less than a 10 per cent carbon price.