The Australia Institute has looked at the penetration of renewables required in the electricity market to meet our Paris commitments, and come to the conclusion that we need from 66 to 75% renewables by 2030, rather than the weak 26-28% currently being assumed in relation to the Finkel review.
The basic issue is simple. If we don’t maximise the reductions in the electricity sector, we’ll have trouble meeting our overall Paris commitment, full stop. It will require a large and expensive effort in other areas such as agriculture. Completely decarbonising electricity was always the low hanging fruit. We appear to be ignoring this strategy completely, and the new report does not help all that much. Continue reading Are we serious about our Paris commitments?