Herbert Smith Freehills has advised New Energy Solar Limited (ASX:NEW) on the sale of the Beryl and Manildra solar farms to Banpu Energy. The combined.
1 June 2021
Australia could grow to become a global renewable energy giant, producing as much as ten times more electricity than is currently consumed, all from renewable sources, according to the CEO of the Australian Renewable Energy Agency.
In 2019, Miller told RenewEconomy’s Energy Insiders podcast that Australia could aim to produce much more electricity from renewable energy sources than is currently consumed in total in Australia – as much as 700 per cent renewable electricity, with the excess used to produce zero emissions fuels.
In a more recent speech to Australian Energy Week, and a subsequent post to LinkedIn, Miller upped the ante, saying Australia could be producing as much as ten times more renewable energy that is needed to meet local demand.
24 May 2021
Australia is not achieving reductions in emissions at a level comparable to international peers, and has largely relied on ‘accounting tricks’ to meet its international targets, new analysis of Australia’s emissions data suggests.
The analysis published by The Australia Institute on Monday shows that while Australia’s overall greenhouse gas emissions have fallen by 19 per cent since 2005, very little of this reduction is the result of Morrison government policy, or from reductions in emissions from economic activity.
Indeed, when land use are excluded, emissions across the rest of the Australian economy have increased by 7 per cent since 2005, the analysis found.