Australia’s energy ministers on Friday voted to make emissions reduction a key national energy goal, in a major step forward in the clean energy transition. Federal, state and territory energy ministers agreed to include emissions in what’s known as the “national energy objectives”. The objectives guide rule-making and other decisions concerning electricity, retail energy and gas. Announcing the deal on Friday, Climate Change and Energy Minister Chris Bowen said it was the first change to the objectives in 15 years. He added: This is important, it sends a very clear direction to our energy market operators, that they must include emissions reductions in the work that they do …
Few countries in the world can make such an outsize difference to climate change. In the shift to renewable energy, the sunburnt country could satisfy global demand for green energy more than eight times over.
The world’s best solar power schemes now offer the “cheapest…electricity in history” with the technology cheaper than coal and gas in most major countries.
That is according to the International Energy Agency’s World Energy Outlook 2020. The 464-page outlook, published today by the IEA, also outlines the “extraordinarily turbulent” impact of coronavirus and the “highly uncertain” future of global energy use over the next two decades.
SunPower Corporation (NASDAQ:SPWR): Favorable government policies and the increasing installations of solar power units in residential and industrial areas have been driving the solar industry’s growth.