Renewable energy by 2030 both technically and economically viable

A new report from the Institute for Sustainable Futures in Sydney says a rapid transition to a 100 per cent renewable energy system can save Australia money – with avoided fuel costs to quickly offset the extra capital expenditure of building wind, solar and other renewable energy installations.

“The transition to a 100 per cent renewable energy system by 2050 is both technically possible and economically viable in the long term,” the report says. And by 100 per cent renewable, it means all energy use, including transport and heating.

The report canvasses two renewable energy scenarios, one based on a high level of renewable energy in the electricity grid, but with transport largely reliant on fossil fuels. The second is the Advanced Renewables scenario, which canvasses a totally renewable electricity system by 2030 and a fully renewable energy system by 2050.

Read the RenewEconomy story - “New report shows 100% renewable by 2030 can save Australia money.”