Australia will fall short of its Paris carbon reduction targets signed under former prime minister Tony Abbott.
This, unless it increases its renewable energy production to levels higher even than the Labor party’s plan for 50% green energy reliance by 2030.
The first assessment by the Australia Institute’s new Climate and Energy Program, to be released on Monday, has found that unless a higher burden is placed on the more expensive process of carbon reductions in other sectors – agriculture, transport, and manufacturing – then the electricity generation sector will need to aim for a renewable energy target of at least 66 percent by 2030, and possibly as high as 75 percent.
This would mean the fossil fuel component is reduced to perhaps a quarter of the size it is now.
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