Australia will have to invest in renewable energy and carbon capture and storage at unprecedented speed and scale in order for the economy to achieve net zero carbon emissions by 2050, modelling released on Thursday showed.
The Net Zero Australia project found the country will need about 40 times the total generation capacity in today’s national electricity market to achieve this goal by 2050, including 1,900 gigawatts (GW) of solar and 174 GW of onshore and offshore wind capacity.
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.
Of all the mundane yet astonishing marvels of human ingenuity, knowing what it takes to heat a room to a comfortable temperature is TED Fellow Kathy Hannun’s favorite. She takes us on a journey across the planet and under the sea to emphasize the dangers of modern heating, and offers a safer,…