Renewables are the lowest cost, sustainable solution for Australia’s energy policy crisis and potentially one of Australia’s largest export industries of the future.
Renewable energy is created through electricity generation using renewable sources such as wind, solar, hydro, landfill gas, biomass and geothermal.
The integration of renewable electricity generation is already been achieved at a world leading scale in the Australian Capital Territory, Tasmania and South Australia, with Victoria and Queensland recently lifting ambitions for 50% renewables by 2030 and unlocking large scale regional investment and employment opportunities as a result.
The expanding ability to integrate domestic renewables adds resilience to Australia’s electricity grid while providing sustainable national energy-security benefits. It also delivers on our international obligations of the Paris Agreement.
In comparison, fossil fuels – thermal coal, natural gas, petroleum, petrol, oil and shale - are a finite source of dirty, heavily subsidised energy with additional ‘externalities’ that are extreme and almost entirely uncosted.