Liberal party donor and coal plant owner Trevor St Baker is proposing with the help of his mates in government to build two new coal power stations in Australia at the expense of taxpayers.
However, the big four banks and the big three energy companies are not having a bar of it. Indeed the majority of Australia’s energy companies are working towards a very different future for the country’s energy system, a future powered by clean, renewable energy.
There are now at least nine studies conducted during the decade that have analysed how Australia can move from an electricity system based on polluting coal and gas to one powered by the sun, wind and waves.
The Australian Energy Market Operator (AEMO) – the body tasked with making sure we have energy when we need it – found there were “no fundamental limits to 100% renewables”, and that the current standards of the system’s security and reliability would be maintained.
These studies show different pathways towards 100% renewable energy, but what they all agree on is that it can be achieved.
So how would it work? If we get our policies and regulation right, the electricity system of the future could look something like this:
- 1Big on wind and solar
- Lots of different technologies in different locations
- Small, so everyone can benefit
- Demand is as important as supply
- Poles and wires – we’ll build them only when we need them
- Industry and transport go renewable too, and not just in Australia
- Resilient to extreme weather