Sustainable Energy Now’s Post

Today the Climate Council released important findings from a research project into how Australia can cut its emissions by 75% by 2030. Clean Energy Investor Group is proud to support the Council’s findings and the crucial need for Australia to quickly transition to renewable energy technologies. As outlined in the report, significantly cutting our nation’s emissions can only be done with policies in place that encourage investors to undertake clean energy projects without major risk. Greater investment in the sector will also lead to positive climate mitigation impacts and more affordable electricity for consumers, and position Australia as a leader in the global transition away from fossil fuels. Clean Energy Investor Group is proud to be advocating for policies that incentivise investors to take on clean energy projects – this support is essential to our nation’s successful energy transition! #CEIG #ClimateCouncil #energytransition

South Australia’s new climate bill will legally require the state to generate enough renewable energy to cover all of its annual electricity needs from 2027. The Climate Change and Greenhouse Emissions Reductions (Targets) Amendment Bill will obligate the state to slash its greenhouse gas emissions by 60% by 2030, compared to 2005 levels, and to reach net zero by 2050. Home to the city of Adelaide, South Australia has already more than halved its emissions since 2005 thanks to a rapid shift to wind, solar, and battery technologies, which now meet around 70% of its annual power needs. The state is a leader in rooftop solar adoption, with one in every two homes having their own systems. In the week to Monday, 2 September 2024 — the last of winter — South Australia offered a glimpse of its future. Renewable generation exceeded the state’s electricity needs by 5%, with the excess exported to neighbouring states.

South Australia’s new climate bill will legally require the state to generate enough renewable energy to cover all of its annual electricity needs from 2027. The Climate Change and Greenhouse Emissions Reductions (Targets) Amendment Bill will obligate the state to slash its greenhouse gas emissions by 60% by 2030, compared to 2005 levels, and to reach net zero by 2050. Home to the city of Adelaide, South Australia has already more than halved its emissions since 2005 thanks to a rapid shift to wind, solar, and  battery technologies, which now meet around 70% of its annual power needs. The state is a leader in rooftop solar adoption, with one in every two homes having their own systems. In the week to Monday, 2 September 2024 — the last of winter — South Australia offered a glimpse of its future. Renewable generation exceeded the state’s electricity needs by 5%, with the excess exported to neighbouring states. https://lnkd.in/dA6pkRsV

The Climate Change Authority last week released its annual assessment of Australia’s progress on cutting emissions. It contains this startling sentence: "Australia is currently deploying renewable energy infrastructure at about half the annual rate needed to reach Australia’s 2030 target." 🐌 The report projects Australia will fall 8GW short of the 33GW in new renewable capacity needed to reach the 2030 target. This gap represents $18 billion of additional investment. Yet financial commitments for new large scale generation 𝗳𝗲𝗹𝗹 from $6.5 billion in 2022 to $1.5 billion in 2023. This slow-down has been blamed on grid constraints, planning and approval processes, higher costs and tighter supply chains. The Authority says the solution is to "substantially accelerate and broaden" the Capacity Investment Scheme, the main vehicle for stimulating renewables investment in Australia. Seems like good advice. Read the full CCA report: https://lnkd.in/e2fJekdY

How much do government subsidies affect the price of fossil fuel energy? How about renewable energy? The price an ordinary citizen pays for energy, whether it is a gallon of gasoline or a kilowatt-hour of electricity, almost never reflects the full cost of creating and delivering it, explains research scientist Pablo Duenas Martinez of the MIT Energy Initiative in our latest piece for Ask MIT Climate. Governments subsidize energy all the time and in many different ways. And while that's usually not meant to prop up fossil fuels specifically—the goal is to help people afford heat and electricity!—in practice, fossil fuels get a bigger leg up than clean, non-climate-polluting energy. Estimates vary, but reports from the International Energy Agency (IEA), International Renewable Energy Agency (IRENA), International Monetary Fund and International Institute for Sustainable Development all agree that governments worldwide spend hundreds of billions of dollars a year subsidizing fossil fuels, and perhaps over a trillion. That's "providing is a wrong price signal to the consumer,” Duenas-Martinez says, and delaying a full transition to clean energy. But it's possible to reverse this pattern. In the U.S., the lion's share of energy subsidies now go to clean renewable energy—which is surely one reason our climate-warming emissions are now *falling* even as our economy continues to grow. Read the full piece at Ask MIT Climate: https://lnkd.in/e7sMEKHC #energy #climatechange #fossilfuels #renewableenergy #energysubsidies #climatepolicy

This week we look at the clean energy policies included within the King's Speech, the Climate Change Committee's 2024 Progress Report, the announcement of a new publicly owned renewable energy developer in Wales, and more. Please do share this with your contacts. To do so, you can use the embedded LinkedIn link at the base of the website article to share this week's publication directly on your profile. Below is some suggested wording to accompany your post: In this week's #EnergyTransition we look at: ⚡ The clean energy policies included within the King's Speech; ⚡ The Climate Change Committee's 2024 Progress Report; ⚡ A new publicly owned renewable energy developer in Wales; ⚡ NIA reporting on the UK far exceeding power import records; and ⚡ ESO "pathways" to net zero. #Netzero #EnergyTransition #King'sSpeech #CCC #energy-developer #ESO #pathways

Renewable energy investment 'must triple to $1.5tn by 2030' to achieve global goals🌍💡 TL;DR: To meet global climate goals, renewable energy investments must spike from $570 billion in 2023 to $1.5 trillion annually by 2030. This boost is crucial to achieve a sustainable future and limit global temperature rise to 1.5°C. Highlights • IRENA urges a tripling of renewable energy capacity from 3.9 to 11.2 terawatts by 2030 • Current national plans fall short, risking climate objectives in the Paris Agreement • Dr. Sultan Al Jaber calls for stronger national commitments to incentivize investments • Developing nations face urgent funding challenges for energy transitions • Collaboration across governments and sectors is vital for impactful climate action #RenewableEnergy #ClimateAction #CleanInvestment #Sustainability #GreenFuture Article Source https://lnkd.in/gQ7zspyF

North America is speeding up its green transition (yes, you read that right). 🌎   Contrary to what you might expect, the North American market for renewable energy is experiencing significant growth these days 📈   This is due to the so-called Inflation Reduction Act (IRA) which is an important legislative package pledging state support for increasing the use of renewable energy and modernising infrastructure in the US,   At Init, we play a small part in building more wind mills "over there". Many of our colleagues have been to both USA and Canada to help upgrade and implement new machines for wing production at several wind mill factories ⚙️   Our contribution might be small in the grand scheme of climate change, but we are proud to be part of paving the way for sustainable development in North America 💚 #renewablenergy #windmills #inflationreductionact #initforsustainabledevelopment

🌍 "More than 3 billion people worldwide lack clean energy" (source: UN Stats Report 2019). In that context the priority is to guarantee a prosperous, secure, and sustainable societies that have access to reliable and affordable energy; taking into considerations the national and local peculiarities. 💬 As released yesterday by International Gas Union in its Strategic Manifesto ➡️ https://lnkd.in/dzJd2qEt : ◾ "Gas would allow the underdeveloped and developing economies to scale rapidly to meet their geographical and social potential, using an energy source much cleaner and more sustainable than coal and wood" ◾ "Together, Gas and renewable energy can become an unstoppable force in tackling climate change, energy security and access issues" 🎯 To a successful global energy transition and an optimised investment allocation, it will be critical to adopt technology-neutral policies and avoid prescriptive technology choices in order to enable a wide range of energy sources; assuring the most cost-effective approach for the citizens. Andrea Stegher, Menelaos (Mel) Ydreos, Arianna Neri, Ella Minty, Mark McCrory, Simon Polledri, Neill Tannock

The Climate Emergency – Two Countries Compared Spain has doubled it’s renewable energy source since 2008, due to significant investment in infrastructure and reduced demand from consumers. Solar energy capacity has increased by a factor of eight since 2008. That is generally good news, although reduction in prices to consumers may have a negative impact on investment by large energy companies. Overall though it appears to be positive. https://lnkd.in/eKTryWf8 Meanwhile in Scotland, the government has missed yet another annual target (ditto the rest of the UK) and abandoned the annual reporting cycle. Infrastructure investment is nowhere close to what is required if Net Zero is to be achieved by 2045, and domestic transport emissions continue to increase. https://lnkd.in/e5ZTr6DF Why is Scotland so far behind? The political will is not focussed on climate change and the impacts appear to be ignored. I would really like to hear the views of our LinkedIn community about this, including any thoughts about how the potential cataclysmic outcome can be avoided. If you want to learn more about climate change and discover how you can make a difference, visit www.peakgovernance.co.uk and register for one of our Carbon Literacy courses, accredited by The Carbon Literacy Project. #ClimateChange #CarbonLiteracy #Sustainability #EnvironmentalImpact #Training #Leadership #CarbonLiteracyProject