Presently, 10% of Australia’s electricity is produced from a renewable resource, and that number can grow easily with minor adjustments to federal policy. By cutting back subsidies for the oil and gas sector (yes, most developed nations actually provide subsidies to that insanely profitable sector) and upping the cost of carbon the Australian economy can make an easy transition to more renewable energy. To top it all off, the country is looking at a feasibility study of 100% renewable energy use by 2030!
The researchers found currently available renewable energy technologies such as wind and concentrated solar thermal power could displace all fossil-fuelled power plants in the National Electricity Market, according to a peer-reviewed paper published in the international Energy Policy journal.
Running simulations based on power demand and supply data for 2010, the researchers found wind would contribute most in a switch to fully renewable energy. It would account for between 46 and 59 per cent, while solar PV and concentrated solar would supply 15-20 per cent each, and hydro and biofuel-based gas generators the remainder.