"How does 28% renewable energy in 2030 stack up" references

The Climate Council commissioned the EY modelling of the NEG as an update to its 2016 report ‘Renewable Energy Jobs: Future Growth in Australia’ (Climate Council and EY 2017) which modelled employment outcomes for Business as Usual (BAU) versus 50% renewable energy by 2030.

Key facts and figures

Renewable energy

28% renewable energy in 2030

50% renewable energy in 2030

Based on

Minimum renewable energy projections for the NEG (Energy Security Board 2017)

Minimum level of renewable energy consistent with action on climate change (Climate Works 2017)

Employment

Jobs growth in electricity sector - national

7,000 additional jobs in 2030

28,000 additional jobs in 2030

Tackling pollution

2030 emissions reductions

Below the level needed to meet the electricity sector’s pro-rata share of Australia’s 2030 emissions reduction target (Finkel Review 2017).

Bare minimum level required (Climate Works 2017).

After 2030

The modelling for the NEG assumes a “constant target post 2030” (MInister for the Environment and Energy 2017).

It is unclear if this means emissions will remain constant from 2030, or whether the NEG will transition the electricity sector to net zero emissions.

Pathway to net zero emissions before 2050 in line with:

  • Australia’s international commitments (Climate Works 2017).
  • Net zero targets adopted by states and territories in the National Electricity Market (Climate Council 2017).


References

Climate Council and EY (2016) Renewable Energy Jobs: Future Growth in Australia. Accessed at https://www.climatecouncil.org.au/renewablesreport

Climate Council and EY (2017) Renewable Energy Jobs: Future Growth in Australia. 2017 Supplement.

Climate Council (2017) Renewables Ready: States Leading the Charge. Accessed at https://www.climatecouncil.org.au/2017-states-report

Climate Works (2017) Power Up. Australia’s electricity sector can and should do more to deliver on our climate commitments. Accessed at https://climateworks.com.au/sites/default/files/documents/publications/cwa_power_up_report_final_12_jul.pdf

Energy Security Board (2017) Energy Security Board (ESB) Advice on a Retailer Reliability, Emissions Guarantee and Affordability. Accessed at http://www.coagenergycouncil.gov.au/sites/prod.energycouncil/files/publications/documents/Energy%20Security%20Board%20ADVICE....pdf

Finkel Review (2017) Independent Review into the Future Security of the National Electricity Market https://www.environment.gov.au/system/files/resources/1d6b0464-6162-4223-ac08-3395a6b1c7fa/files/electricity-market-review-final-report.pdf

Minister for the Environment and Energy (2017) Energy Security Board modelling letter. Accessed at http://www.coagenergycouncil.gov.au/sites/prod.ene...

Recommended

Comments