Australia’s energy sector needs to increase its adoption of
innovative technologies to support a move towards a low emissions
electricity system, TransGrid’s Managing Director, Peter McIntyre said
Mr McIntyre said recent research showed a potential future of electric
vehicles and industries powered by renewable energy, as Australia moved
toward achieving net zero emissions by 2050.
Research by ClimateWorks Australia and Australian National University
with CSIRO, Pathways to Deep Decarbonisation in 2050, showed there would
be a 2.5 fold increase in electricity demand to 2050 but this would be
largely powered by an expansion of renewable energy.
“In Australia, reaching zero carbon emissions will require a
multi-pronged approach, including ambitious energy efficiency, greater
use of low carbon electricity, and transitioning transport and industry
to electricity use.”
“The energy industry is well placed to support innovation such as
smarter, more cost effective grid connection for large scale renewable
energy generators, supported by transformative storage technology.”
“Initiatives to enable the underlying infrastructure for electric
vehicles and new energy solutions for industry will provide significant
economic prosperity while addressing climate change,” Mr McIntyre said.
ClimateWorks CEO, Anna Skarbek said she welcomed recognition that
Australia can have a prosperous net zero carbon future and industry
leaders were willing to play their part.
“The technology is available for Australia to modernise its energy
system. Greater policy incentives are needed if we are to achieve a
decarbonised electricity system by 2050 and avoid dangerous climate
“Increasing electrification and moving away from old fossil fuel power
stations involves increased investment today, but these costs are
continuing to fall and bring long-lasting benefits including increased
energy productivity and reduced fuel costs.
“Importantly, the transition to a low emissions electricity system can
occur without major structural changes to the economy or lifestyle and
while maintaining economic prosperity, with a real GDP growth of 2.4 per
cent a year,” Ms Skarbek said.