Between 18,000 and 59,000 construction and installation jobs could be created if the Energy Market Operator’s Integrated System Plan ‘fast scenario’ on renewable transition is adopted. It would see around 53% of capacity from renewable energy by 2030.
Climate & Energy Program
New analysis from The Australia Institute shows that 53% renewable energy capacity by 2030 would create between 18,000 and 59,000 direct jobs across the country. The analysis is based on the Australian Energy Market Operator’s ‘Fast Scenario’ developed as part of its Integrated System Plan.
The wide range of possible employment outcomes depends largely on how much assembly and manufacturing can be done in Australia.
Carbon capture and storage (CCS) has failed to meet any global or local targets, according to new research from The Australia Institute Climate & Energy Program.
The release of The Australia Institute report coincides with today’s International Energy Agency’s (IEA) World Energy Outlook report which suggests there is still a role for CCS, continuing the organisation’s love affair with the technology.
Industry, government and international organisations have given CCS credibility by making predictions about its success and setting targets that give it a clear place in emissions reductions plans.
The only institutional target that CCS has met concerns the number of CCS projects launched. All targets for number of projects actually built and operating or for millions of tonnes of CO2 actually stored each year (“Mtpa”) have either not been met, or are not on track to be met.
Australia has one of the highest per capita emissions of greenhouse gases in the world.If Australia is to stay within its share of the remaining, diminishing, global carbonbudget for stabilising Earth’s temperature increase at 2°C or less, a necessary (but notsufficient) requirement is to transition its electricity system rapidly to 100%renewables by 2030 or soon afterwards.
The Australia Institute made a submission to the NT Government’s Climate Change Discussion Paper. Emissions from increased NT gas production would dwarf all other sources of NT emissions and threaten Australia’s national targets. Allowing fracking and offsetting its emissions, as promised, is an expensive way to keep emissions stable and could make it harder to reduce emissions. The NT and Commonwealth should develop the policy now with public consultation, not in secret over three years as planned, and ensure offsets are secured by gas companies, not subsidised by taxpayers.
New research from The Australia Institute shows that, while treasurer, Scott Morrison rushed a $260 million deal with the Northern Territory Government through in a matter of days, at exactly the same time that the NT announced it would overturn its moratorium on fracking.
The report shows that even under FOI the Government has blocked access to numerous documents regarding the deal, including a letter from Morrison to the NT Government where he first committed to the $260 million in funding, sent three days after the moratorium was lifted.
The report outlines:
Scott Morrison rushed through a $260 million payment to the Northern Territory in a matter of days at the same time the NT Government overturned the moratorium on gas fracking.
Morrison committed to the funding just three days after the fracking decision, in a letter of offer to the NT that also refers to that decision.
The Federal Government holds many documents referring to both fracking and federal funding to NT, but refuses to release them under FOI, because their decisions or deliberations are not already disclosed.
Chevron’s Gorgon LNG project released millions of tonnes CO2 last year that were meant to be sequestered by its carbon capture and storage (CCS) project. This failure represents half of the national increase in emissions over the last year. If required to offset these emissions, Gorgon would need to pay more than $55 million a year. However, Gorgon will face no penalties and is in line to receive $60m in taxpayer subsidy. Under the safeguard mechanism, it has an emission limit that assumes CCS is not operating.
The Australia Institute has considerable concerns about the proposed program tounderwrite new generation investments. In particular, the proposal seems to confusetwo separate issues. The first is that the reliability standard in the NEM is met. This ishighlighted in the consultation paper by reference to AEMO’s latest ElectricityStatement of Opportunities that the NEM will need an additional 1160 MW of firmingcapability in the next decade.
The second is the desire to reduce electricity prices by introducing more competitioninto the electricity generation market which was highlighted in the ACCC’s recentRetail Electricity Pricing Inquiry.