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In 2019, Australia met its 2020 renewable energy target of 23.5% and 33 TWh (120 PJ). [55] With the 2020 targets being achieved, many of the Australian states and territories committed to a greater 40% target for renewable energy sources by 2030, including Queensland, Victoria and the Northern Territory. [56]
Renewable energy has potential in Australia, and the Climate Change Authority is reviewing the 20-percent Renewable Energy Target (RET). The production of 50 megawatts of wind power (power for nearly 21,000 homes annually) creates about 50 construction jobs and five staff positions. [36] [37] In recent years, wind and solar power have been the ...
Renewable electricity in Australia is available from a number of green energy suppliers that supply electricity from environmentally friendly energy sources that are renewable and non-polluting. The growth and development of the green energy industry was tracked in Australia by the ALTEX-Australia alternative energy index from 2006 to 2011.
Australian oil and gas infrastructure Renewable power plants in Australia. The energy policy of Australia is subject to the regulatory and fiscal influence of all three levels of government in Australia, [citation needed] although only the State and Federal levels determine policy for primary industries such as coal. [1]
China produced 31% of global renewable electricity, followed by the United States (11%), Brazil (6.4%), Canada (5.4%) and India (3.9%). [1] Renewable investment reached almost $500 billion globally in 2022, [2] amounting to 83% of new electric capacity that year. [3] The renewable energy industry employs almost 14 million people. [4]
After the 2002 South Australian state election, the Australian Labor Party formed a government under new premier Mike Rann.The Rann government outlined a plan to transition from fossil fuels to renewable energy sources, targeting that 15% of electricity would come from renewables by 2014, and 26% by 2020 (this compares with the federally legislated target at the time of 2% by 2020).
Ethanol produced from renewable energy sources, biomass, is the most promising biofuel for the future. [11] In Australia, there are three major fuel ethanol production facilities that produce ethanol primarily from waste wheat starch, grain sorghum and molasses.
The declining cost of renewable energy sources, such as solar power, wind power and battery storage, means it is unlikely a new coal-fired power station will ever be built in Australia. [2] The Liddell Power Station is the latest major coal-fired power station to be decommissioned, which took place on 28 April 2023. [3]