Australia’s Energy Market Operator Models Net-Zero By 2050
Australia’s Energy Market Operator Models Net-Zero By 2050
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BRISBANE, Australia Australia has not committed to reaching net-zero emissions by 2050 but said it is a preference to get there by then.
Going harder and faster on emission reduction beyond net-zero by 2050 would make Australia economically stronger, new modeling shows.
The Australian Energy Market Operator modeled five scenarios about how the country’s energy future could look.
It found two ways to achieve deeper emissions cuts and stronger economic outcomes compared with a net-zero by 2050 policy.
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25 May 2021
The Australian Energy Market Operator has underlined the need for a rapid upgrade to the country’s grid and market systems, saying that Australia is hurtling towards 100 per cent renewables at a rate even faster than it contemplated.
AEMO chief systems design office Alex Wonhas says the country’s main grid is rapidly approaching 100 per cent instantaneous renewable penetration, and it needs to build a system and market that can handle such situations now, not in a few decades.
“Australia is experiencing the fastest and technically most challenging energy transition globally,” Wonhas told an energy conference in Melbourne. “We need to build a system and market now, not in a few decades, that can operate at close to 100% instantaneous renewable energy.