This paper focuses on issues around the rapid deployment of renewables in Australia as an essential part of a cost-efficient transition to a net-zero emissions economy.
In this report, the Australian-German Energy Transition Hub presents a range of scenarios in which Australia uses its extensive renewable resources to:
1) secure a reliable and cost-effective domestic electricity supply
2) avoid CO2 emissions, leading to carbon neutrality by 2050
3) move beyond domestic supply to become a first mover and supplier in future global markets of green hydrogen.
The scenarios are simulated in four energy-economic models of complementary scope and detail.
This is one paper in a series of four as part of the Energy Transition Hub's Synthesis Reports. To view other reports in this series, please see the related content section below.