To See a True Energy Transition Look to Australian Rooftops
(Bloomberg) -- More than in probably any other nation, it’s the rooftops of Australian homes that are driving a transition away from coal.
“Higher penetration of renewable generation, driven by rooftop solar, particularly to the middle of the decade, and stronger wind deployment at the end of the decade, has delivered the majority of the revision,” the country’s Department of Industry, Science, Energy and Resources said in a report.
Low costs of installations, and abundant sunshine, have helped make Australia a world leader in rooftop panels.
By 2030, coal will fall to just 11% of total installed generation capacity, down from 35% in 2019. Small-scale solar will jump to 30% from 13%, and wind to 17% from 10%. As a result, electricity emissions in 2030 will be 21% less than predicted last year, the department said.
Australia’s total emissions are now forecast at 439 million tons in 2030, down from a forecast of 478 million last year and 624 million tons in 2005. Prime Minister Scott Morrison’s government has faced questions over its methodology, and the inclusion of reductions driven by the land-use sector.
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