Redman said Prime Minister Anthony Albanese’s goal was for 82% of Australia’s fossil fuel-powered electricity grid to be supplied with renewable energy by 2030 and promised to invest $ 20 billion in new corridors. transmission to link new areas of renewable energy to better facilitate the flow of cheap energy. , clean power across the country, was needed to drive the required pace of change.
The Albanian government is determined to accelerate Australia’s green energy transition. Credit: Photo: Dominic Lorrimer
“We can get there, but we have to get on our skates and build these‘ superhighways ’,” he said. “If we do that, there are a lot of renewable energy projects out there and a lot of storage projects that are hoping to connect, hoping to enter the market, hoping to drive towards that goal.”
Matt Pearce, KPMG’s leader in energy and utilities, said Australia’s window of opportunity to take advantage of the green energy revolution without threatening energy prices was closing rapidly and the country needed a nationally coordinated deployment of new generation and transmission projects.
“It’s really about how fast we can work in the next three years,” he said. “If we can get ahead of the transition and take the necessary steps, then you won’t get the price shocks … if we’re playing catch-up, there might be.”
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The Coalition attacked Labor’s renewable energy plans during the campaign with a statement that new infrastructure investment would add $ 560 to household energy bills in 2033, saying energy companies would recoup the full cost of payers. .
Labor rejected it, citing the Reputex model, which stated that the Labor plan would reduce electricity prices by $ 378 by 2030 because renewable energy was a cheaper form of power generation than coal, which it currently provides about two-thirds of the grid’s power.
Industry research firm Fitch said the ALP’s election victory “bodes well for the development of renewables” in Australia.
“This is a big change from the previous coalition government that took a much more skeptical view of climate change policies and emission reduction plans, which created political uncertainties,” he said. “Given the strong support of the Labor Party in the sector, we hope that the political environment will improve in the future, with more certainty and financial support that will drive more investment in the sector.”