A quantitative study of emissions reductions in the Australian electricity sector, and the “full cost” for renewables to provide reliable energy supply, including energy storage technologies.
To meet its current and future emissions targets under the Paris Agreement, Australia will need to begin transforming its economy, with the electricity sector viewed as a critical pillar to achieve large-scale emissions reductions through to 2030, and beyond, as Australia transitions to net-zero emissions by mid-century.
As policymakers and businesses begin to consult on policy design, in this Insights article, we provide a quantitative basis for identifying emissions reductions opportunities in the Australian electricity sector, along with a detailed understanding of the cost of ‘reliable’ energy supply, including storage technologies.
This article introduces our latest market study “The Energy Trilemma: A cost curve for emissions reductions & energy storage in the Australian electricity sector “, which identifies emissions reduction activities in the power sector – such as retrofitting existing coal-fired plants, developing new wind, solar, gas and ‘clean coal’ generation – with analysis mapping the size and cost of abatement through in 2020 and 2030, in the form of a marginal abatement cost (MAC) curve.
Analysis also calculates the ‘full cost’ for
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