Australia's Energy Transition Collaboration

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Decarbonizing Australia

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Australian Energy Regulator

ScienceDaily

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Business

Business & Economics

Collaboration can unlock Australia's energy transition without sacrificing natural capital

Summary

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80% Informative

New research shows that with collaboration, Australia can fully decarbonize its domestic and energy export economies by 2060 while avoiding harm to important areas for biodiversity outcomes, safeguarding agricultural activities, and respecting Indigenous land rights.

If stakeholders refuse to compromise on their interests, it would lead to higher energy prices and a clean energy shortfall of almost 500 gigawatts.

The researchers suggested that an immediate planning goal would be to prioritize turning possible development sites into ones acceptable to diverse stakeholders as quickly as possible.

They also underscored several uncertainties, such as missing critical habitat data for many Australian species and how all species might respond to climate change.

The researchers acknowledged that the model's outcomes could change.

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semi-formal

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English

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