The assessment report recommends: “A whole-of-government approach is needed to end the country’s heavy reliance on fossil fuels,” and calls for an update to the net-zero emissions reduction plan for the year. 2050 to guide implementation across all parts of government.
According to an assessment by the International Energy Agency, although Australia may make enough progress in reducing emissions by 2030 to match the target of net zero emissions by 2050, strong efforts are needed. stronger to improve energy efficiency and promote clean energy investment. It estimates a 60% yield improvement is needed for a net non-bonding orbital.
It suggests that a national climate and energy information system is also needed to track progress toward these goals.
It notes that efforts to be more energy efficient in transport and residential buildings can help deliver Australia’s highest levels of emissions and reduce rising energy bills.
The evaluation estimates that a 60% yield improvement is needed for a net non-aligned orbital. The new National Building Code and the Electric Vehicle Strategy are important steps forward in this regard.
Australia’s renewable energy deployment has a positive outlook given the success of rooftop solar, ambitious targets and increased funding at the federal and state levels. Three million households in Australia, or a third, have solar installations, totaling 17 gigawatts of capacity, the review noted.
The electricity sector’s decarbonization efforts need to be stepped up significantly, as Australia aims to increase its share of low-carbon electricity generation by 2030—with 82% coming from renewables, up from 27% Currently. This will require accelerated deployment of renewable energy sites, faster licensing of grid-related projects, and discontinuance of additional coal, the review said.
As Australia faces frequent and extreme weather events, the energy sector will need to be more resilient to better cope with increasingly severe storms, floods, wildfires and heatwaves. evaluation said.
Australia has yet to complete a comprehensive assessment of the impacts of climate change on the non-electric energy sector. A national energy sector plan outlining future steps for climate resilience is needed.
Australia also has the potential to play a key role in providing key minerals and new technologies for the clean energy transition globally, the report added.
Fiber2Fashion (DS) News Desk
