No easy choices: which way to Australia's energy future? - A Grattan report
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No easy choices: which way to Australia’s energy future? explores the acute intellectual and policy challenge Australia faces in energy policy.
Markets must be the primary mechanism by which Australia transforms its electricity supply. Yet it will not be able to meet its emission targets and at the same time produce future electricity at a price acceptable to the public unless governments act to reduce the costs of low-emission technologies.
It is now clear that the carbon pricing scheme alone is not enough to make low-emission technologies competitive and effect the change that Australia needs.
This report and its companion detailed report assess the prospects for seven technologies -- wind, solar PV, concentrating solar thermal, geothermal, carbon capture and storage, bioenergy and nuclear -- that generate electricity with near-zero emissions and that have the prospect of deployment at large scale over the next 40 years.
It finds that all seven face obstacles to achieving their potential. Any might contribute significantly to meeting Australia’s electricity needs, but there is no guarantee that any of them will deliver at a reasonable cost.
Australia has no easy choices in meeting its future energy needs. That is why governments need to step in, but with a hard-headed, intelligent approach. This report sets out what government should do – and not do.
Detailed technological analysis
This Technology Analysis publication accompanies the main report, No easy choices: which way to Australia’s energy future? It sets out a detailed analysis of the seven main low-emissions electricity-generation options for Australia over the next 40 years. Each technology is assessed in terms of its economic and technical prospects in Australia, and for each we identify the major barriers to large-scale deployment in the future.
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