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THE FUTURE IS RENEWABLE ENERGY
NSW Resources & Energy
July 2015
CLEAN ENERGY COUNCIL
Transform Australia’s energy system into a clean energy system
By leading and supporting the growth of the clean energy industry in Australia through:
• Shaping policy
• Developing standards and regulations and ensuring the integrity of
the industry
• Promoting the industry
• Providing a range of valuable services to our members, customers
and partners
ELECTRICITY SECTOR CARBON FOOTPRINT
Source: Department of Environment, Australia’s emission projections 2014-15,
March 2015, page 18
GENERATION FLEET IS OLD
Source: AGL Submission to the 2014 Review of the Renewable Energy Target
May 16, 2014.
RENEWABLE ENERGY COST REDUCTION
RENEWABLE ENERGY IMPERATIVE
• Electricity is largest source of emissions
• Cost of renewable energy options is falling rapidly
• Current energy generation fleet is carbon intensive and old
• Fossil fuel price volatility
• Diversification of energy supply
• Empowered consumers
• Rural and regional employment
• Investment attraction
RESIDENTIAL GROWTH RATES
REVISED RET
- Legislated and revised RET provides certainty and restores bipartisanship
- Small-scale deployment of 14,000GWh by 2020. SRES phases down to 2030.
- LRET of 33,000GWh by 2020:- 6,000MW new capacity- 30-50 major projects- Hundreds of commercial-scale solar projects from businesses
looking to manage their own electricity production and consumption.
- 15,000 jobs and more than $40 billion worth of investment
BUSINESS DEMAND
• Major shift as large corporations seek to directly contract renewable energy supply
• More than 50 new solar power systems were installed in 2014 that were over 100 kW but less than 1 MW.
• Six of these commercial solar power systems were over 500 kW.
• Shorter lead times than large-scale solar power plants
UNLOCKING THE POTENTIAL
1. Improve Australia’s energy productivity through improved energy efficiency, conservation and demand management.
2. Ensure long-term and transparent carbon reduction targets that apply to the energy sector, recognising the critical interaction between energy policy and climate change policy. This must facilitate the closure of Australia’s most carbon-intensive and marginal coal fired generation.
3. Increase and extend the Renewable Energy Target in order to modernise Australia’s electricity generation sector with new and long-term investment in renewable energy beyond 2020.
4. Develop the next generation of clean energy technologies with appropriate institutions and support for R&D, demonstration, and innovative financing for the clean energy sector.
UNLOCKING THE POTENTIAL
5. Reform the energy market to facilitate greater competition, consumer empowerment and support for the transition toward clean energy sources of generation.
6. Address the barriers that act to distort price signals and drive up the cost to develop and deploy clean energy technology.
7. Build and cement public support requiring an ongoing focus on improving standards and the conduct of the sector and how it interacts with consumers and local communities.
