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The Real State Of Australia’s Energy Resources Highlights Need For Significant Renewable Energy Investments, IBT,  By Reissa Su on April 28 2015  “…………………Outlook For Australia’s Renewable Energy

The need for significant change to the Australian energy market is highlighted by the international effort to shift to renewable energy sources to reduce greenhouse gas emissions. The journey to a lower emissions economy has already begun for Australia with the introduction of the renewable energy target and other government policies.

In 2012, the Australian government had established the Australian Renewable Energy Agency, or ARENA, to provide funding for research, development and demonstration of renewable energy technologies. ARENA initiatives include helping renewable energy technologies move closer to commercialisation and providing system-wide solutions to renewable energy output variability. According to a press release on April 13, ARENA has announced a $20 million research and development round dedicated to industry-partnered projects that seek to commercialise renewable energy.

Opposition Leader Bill Shorten released his own statement in response to the government’s white paper. The Australian Labor Party has fully expressed its support for efforts to boost renewable energy investments and retain jobs in the sector.

“Solar power not only provides clean energy, it reduces power bills and creates jobs,” said Shorten. “Creating jobs in manufacturing and servicing, while protecting the environment, is obviously a smart way to go.”

He slammed the Australian government for risking renewable energy investments with its actions. “More and more members of our community are looking to solar power for their homes and to feed power into the grid. Unfortunately, the Abbott government’s dishonesty and incompetence has almost destroyed Australia’s renewable energy industry, putting new jobs and investment at risk,” remarked the opposition leader.

Although Australia has abundant energy resources, significant investments in energy supply is needed to promote better integration of renewable energy sources and technologies. The energy assessment report states the future of energy in Australia will be influenced by the need to deliver secure, reliable and competitively priced energy source to support a growing economy and population. The growing demand to be energy efficient and move towards a clean energy economy will also affect Australia’s future energy needs. http://au.ibtimes.com/real-state-australias-energy-resources-highlights-need-significant-renewable-energy-investments

April 30, 2015 - Posted by Christina Macpherson | General News