The recently elected Australian Government has legislated a target to reduce emissions by 43% by 2030. And last week the Queensland Government announced a new 70% renewable energy target for 2032, and 80% target for 2035.
These are positive indications that Australia is putting the policy levers in place to indicate to the market that we are open for business and a place to invest in clean energy.
Various scenarios and modelling come to different conclusions, but one thing is for certain – renewables will produce most or all our domestic energy by 2050.
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