Australia on track to meet Paris Agreement targets five years earlier than expected, research finds
Australia is on track to meet its Paris climate commitments five years earlier than expected — in 2025 — according to new research from the Australian National University.
Per capita, the country is installing renewable energy faster than China, Japan, the United States, and the European Union.
“The electricity sector is on track to deliver Australia’s entire Paris emissions reduction targets five years early, in 2025, without the need for any creative accounting,” lead researcher Professor Andrew Blakers said.
Co-researcher Matthew Stocks said cheaper renewable energy was replacing expensive coal-fired power, meaning the cost of achieving the 2030 carbon emission targets in the Paris Agreement would be zero.
“Nearly all of the new power stations are either PV [photovoltaic solar] or wind. We anticipate that this will continue into the future,” Dr Stocks said.
Professor Blakers said high energy prices across Australia made renewable energy more preferable and available.
“It means solar and wind could build scale while the prices are fairly high in the short to medium term,” he said.
“But the prices of wind and solar are also coming down and so it’s likely that wind and solar can keep ahead of the game and maintain their advantage over coal or gas.”
South Australia’s position
Multiple renewable energy projects are currently underway across South Australia, including 13 in Port Augusta, north of Adelaide.
But, despite having a reputation for renewable projects, mainly solar and wind, the State Government had become unlikely to approve projects that did not have backup storage attached to it.
Professor Blakers said South Australia had been an important state in “moving Australia forward”.
“In fact, the economic pressure from wind and solar caused the final demise of coal burning in South Australia,” he said.
“South Australia is now over 50 per cent wind and solar and headed to 100 per cent or even 125 per cent wind over the next five or six years.”
He said reaching 125 per cent renewables meant, over the course of one year, South Australia could export more energy than it imported.
“It could provide all of its own electricity and a quarter or half on top of that again,” he said.
Port Augusta mayor Brett Benbow said Port Augusta, 300
“I think you’ll continue to see more and more projects pop up around the place,” he said.
The town was once famous for the Northern Power Station, a 520MW plant, until it was mothballed in 2016, with final demolition in November 2018.
Mining company CU River purchased the land to build a commercial port to ship facility.
Mr Benbow said the town was now leading the way in renewable energy.
The best place for a solar farm
EPS Energy is a renewable energy company based in Newcastle, north of Sydney.
The company has recently launched a development application to build a 280MW solar farm near Port Pirie, in the state’s mid north.
Company director Steve McCall said that part of South Australia was perfect for the Bungama Solar Farm.
“We’ve got a connection into the Australian grid network at the 270KV line level — the major backbone level of the South Australian grid,” he said.
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