The Australian National University reports that the country is on track to meet the country’s Paris emission reductions target. Australia should generate 29% of the country’s electricity from renewable energy by 2020 and 50% of the country’s electricity from renewable energy by 2025. Australia’s planned move from fossil fuel to renewable energy will reduce the country’s greenhouse gas emissions by 26% by 2021, four years ahead of the Paris Accord target date.
Australia could generate 100% of the country’s electricity from renewable energy before 2040, if the development of new renewable energy projects continues at its current pace. Australia’s future renewable energy power capacity is forecast to be divided equally between utility scale solar farms, rooftop solar photovoltaic panels and utility scale wind farms.
Australia will still be a major producer of fossil fuels including brown coal and liquefied natural gas (LNG) to global markets. It is ironic that both Australia and Norway are countries that are making dramatic progress in the development of renewable energy in their own countries, but are major exporters of fossil fuels to the world.