09/11/2023
At seems that Australia’s a-ha moment has now arrived in the clean energy transition.
It’s a moment in which the country realises that having natural ability alone doesn’t make you a winner.
This is evident from the slow progress that we are making against our goals to reach 82 per cent renewables by 2030, and to secure the massive investment that will be required to become a renewable energy ‘superpower’.
We have world-beating solar and wind resources. But investment in large-scale renewables is declining, not accelerating.
We have 40 per cent of the global pipeline of large-scale renewable hydrogen projects. But for now, they are for the most part simply that – in the pipeline.
And we have huge potential to develop new green, energy intensive industries in minerals and metals processing – but we are yet to see commitments to new green iron refineries and minerals processing plants.
https://reneweconomy.com.au/turning-green-to-gold-australia-has-to-make-its-own-luck-in-the-race-to-renewables/
It seems that Australia’s a-ha moment has now arrived in the clean energy transition – the realisation that having natural ability alone doesn’t make you a winner.