Renewable energy yes! including household rooftop solar – says University of Queensland
Renewable energy critical for competitive Australian power system- University of Queensland, 22 Feb 13, An immediate investment in multiple energy technologies is vital for meeting carbon abatement targets and building a robust power system, a new study from the Global Change Institute at The University of Queensland has found.
• The resilience of Australia’s power system is currently poor (better only than India and South Africa) and is not compensated by low electricity costs.
• Even with a high carbon price, the power system is not on-track to cut emissions by 80%, in line Australia’s 2050 emissions targets*.
• There is no cost premium associated with shifting from ‘business-as-usual’ to renewable, distributed generation and carbon capture and storage. There is, however, evidence of a cost premium for shifting away from coal.
• Australia will benefit from investment in large-scale renewable energy projects to operate alongside coal in the foreseeable future and eventually replace the role of coal.
• Consumer action must not be overlooked and will be an integral part of any successful model, however an in-depth study into the effect of distributed generation (eg household rooftop solar panels) on the distribution network is urgent and overdue. ….. http://www.uq.edu.au/news/?article=25857
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