The great unstoppable global shift is underway as the world moves from fossil fuels to renewable energy and a low carbon future is solidified globally.
Australia has the chance to ride these waves, and end up with a stronger more prosperous economy then we have today. Australia is perfectly placed with its abundant, high quality renewable resources and industrial capacity, to become a renewable energy superpower.
In Beyond Zero Emissions’ recent report, Australia is revealed as having a prime opportunity to become a renewable energy superpower. This title would be no hollow promotion as Australia has not one, but three major economic opportunities.
- The chance to cash in on the US$28 Trillion that is expected to be invested globally in renewable energy and efficiency equipment by 2035. This is even more than coal, oil, and gas development…combined.
- The ability to support energy-intensive trade industries that currently generate US$2.3 trillion in annual trade value.
- The production and export of renewable energy gasses and fuels to other countries.
That’s all well and good, but how do we get there? The report provides a roadmap to seize these opportunities. It figures that to capitalise on the global shift to renewable energy, Australia must take the following action,
- Electrify its energy.
- Reconfigure its electricity system.
- Coordinate development.
Today Australia has a plan in front of it to set up its long-term future and prosperity. Let’s grab this golden opportunity, for the sake of our economy, our children, and the sake of a safe climate.