The International Energy Agency’s annual energy projections, the World Energy Outlook (WEO), are a leading source for medium to long-term energy market modelling, which are widely used as an authoritative source by politicians, industry and the media. However, the scenarios within these projections are regularly misunderstood and misused, both accidentally and deliberately. Under the Paris...

KEY FINDINGS 1. Globally, solar photovoltaic (PV) power is surging on the back of scaled-up production and continually falling costs. 70GW (projected) of new solar power capacity was added globally in 2016, breaking last years’ (2015) record of 50GW capacity added. China (34.2GW), the United States (13GW) and Japan (10.5GW) continued to lead with the...

Climate change is one of the most critical issues facing Victoria. Our Government will maximise the opportunities while minimising the adverse impacts of climate change for our state. We are taking action on climate change and demonstrating our leadership. Victoria’s Climate Change Framework sets out: our vision for Victoria in 2050 and our approach to...

Australia’s national energy landscape has been transformed since the creation of the National Electricity Market two decades ago. The rapid uptake of renewable technology and leaps forward in energy efficiency and storage have been game changers for generators, distributors, retailers and consumers of electricity. If harnessed effectively, these changes can move us closer to the...

In 2015, the Australian Commonwealth Government committed to reducing Australia’s carbon dioxide equivalent (CO2e) emissions by 26 to 28 per cent below 2005 levels by 2030. As the electricity sector accounts for around one-third of Australia’s emissions, efforts to reduce economy-wide emissions efficiently will inevitably involve reducing emissions in the electricity sector. This report examines...