Australia’s energy saving targets will be targeted as part of a plan to bring down the country’s carbon emissions, a new report has found.
Key points:The National Electricity Market will be ‘sustainable’ and ‘inclusive’ with a goal of saving the nation’s energy bills by 2020The government says its aim is to get 30 per cent of the nation off coal within three yearsThe report says the targets are “inclusive and achievable”The government will announce the target on Thursday.
“The national electricity market will be sustainable, inclusive and achievable,” Environment Minister Greg Hunt said in a statement.
“In fact, by 2030 the market will generate about one-third of Australia’s electricity from renewable sources and two-thirds of its electricity from non-renewable sources.”
The government’s 2030 targets for renewable energy generation are also in line with a recent Australian Bureau of Statistics report.
The National Energy Market (NEM) will be “sustainable”, with a target of saving about 30 per per cent on electricity costs by 2020.
“We have seen significant improvements in the cost of electricity and the efficiency of the NEM,” Mr Hunt said.
“Our new plan will support the transition to 100 per cent renewable electricity, which will mean an end to the current low-cost electricity generation, which is an important driver of our national economy.”
The NEM will have an “efficiency target” of saving 15 per cent over five years.
The targets will also be targeted to reduce carbon emissions.
“Achieving the targets in this report will be a challenge for our government and a challenge we will overcome, and we believe that this report shows that we can,” Mr Burn said.
Topics:energy-and-utilities,energy-economics-and/or-energy-climate-change,environment,environmental-policy,environment-management,environmentaustraliaContact Sarah RainsfordMore stories from Victoria