<
https://reneweconomy.com.au/kean-hails-solar-battery-revolution-as-ey-says-consumers-could-save-billions-with-stronger-emissions-target/>
"The chair of the Climate Change Authority, Matt Kean, has hailed the
“revolution” in solar and battery storage being played out in Australia and
across much of the world, as one of the country’s leading consulting groups
declared Australian consumers could save billions with a strong emissions
target and an accelerated switch to green energy.
The comments by Kean and the new report from EY come just weeks before the CCA
is expected to deliver its recommendations for Australia’s 2035 climate target,
which must be delivered to the UN by September.
The CCA has said it is looking at a target cut of 65 to 75 per cent below 2005
emissions by 2035, although environmental groups suggest that the bare minimum
target should be a 75 per cent cut.
They argue that the falling cost of renewable and other technologies means that
the savings for consumers are potentially significant. And, of course, the
costs of not doing enough to avoid the worst impacts of climate change are even
greater.
That puts Kean’s latest comments – to an energy conference at UNSW in Sydney on
Wednesday – in an interesting light, given the focus on the rapidly falling
costs of technologies such as solar and battery storage, and the huge
opportunities for those technologies both at large scale and at the consumer
level.
“As those in this room know better than most, an awesome solar and battery
revolution is upon us,” Kean said.
“Now, speed is a priority when it comes to cutting greenhouse gas emissions.
But so is price. On both scores, it’s increasingly a case of ‘shine, baby,
shine’, and ‘store, baby, store’.”
Kean pointed to the cost of solar electricity, which he said has fallen from
around $160 a megawatt hour (MWh) in 2016 in Australia to around $40/MWh now.
The Australian Renewable Energy Agency plans to cut that further to just
$20/MWh by the end of the decade."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
