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)|
|Jobs growth in electricity sector – national||7,000 additional jobs in 2030||28,000 additional jobs in 2030|
|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:
Council and EY (2016) Renewable Energy Jobs: Future Growth in Australia.
Accessed at https://www.climatecouncil.org.au/renewablesreport
Council and EY (2017) Renewable Energy Jobs: Future Growth in Australia. 2017
Council (2017) Renewables Ready: States Leading the Charge. Accessed at https://www.climatecouncil.org.au/2017-states-report
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
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
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
for the Environment and Energy (2017) Energy Security Board modelling letter.