Over 50 cleantech firms have outlined an ambitious five-year plan that they claim can cut emissions in Australia by 81 percent by 2030—a more ambitious target than the one set by the current Labor government.
On Nov. 24, global brands like Toshiba, Vestas, and Schneider Electric backed a new report from the Beyond Zero Emissions think tank claiming this target can be achieved with the accelerated rollout of six existing technologies: solar panels, wind turbines, batteries, electric vehicles, heat pumps, and electrolysers.
What’s Needed in 5 Years?
The Beyond Zero Emissions report, Deploy (pdf), calls for a doubling of the solar panel rollout rate—Australia already has one of the world’s fastest take-ups of the technology—equating to an additional 17.7 million panels over five years.Further, to decarbonise and electrify the public transport network, the rollout of electric vehicles and charging stations must be jump-started 14 times the current rate.
This will require an extra 1.4 million electric cars, 34,500 e-buses, 850,000 utes and vans, 115,000 trucks, 36,000 tractors, as well as 1.4 million charging stations (residential and public).
Heat pumps for residential and commercial water heaters, air conditioning, and industrial heating must be upped 37 times—overall requiring 13.5 million new units.
Lastly, the construction of wind turbines across the country must be quadrupled (an extra 6,000 wind turbines), while battery storage must be quintupled (6.4 million new units).
The think tank also said 3,000 new industrial-scale electrolysers should be built to help produce hydrogen.
All this is supposed to create 195,000 new jobs and generate around 64 gigawatts of renewable capacity and 13 gigawatts of energy storage.
How Much Will It Cost?
There was no clear estimate of the costs of the plan, with the report only noting that technology costs “will likely fall dramatically as demand grows.”“The cost of solar, wind, and batteries continues to drop because of efficiency gains, economies of scale, wider public acceptance, more product variety, and increasing capacity.”
Heidi Lee, CEO of Beyond Zero Emissions, said the plan was an “enormous opportunity” for Australian households and businesses.
Risks and Concerns Abound
Schneider Electric’s Pacific President Gareth O'Reilly said increased automation and digitisation would lead to faster decarbonisation.In response to Australia’s rapid adoption of renewables—in line with the European Union and the United States—some experts have warned that the widespread adoption of these technologies is simply not worth the benefits it produces (which is fewer emissions compared to coal-fired power plants).
Further, many renewable technologies have significant drawbacks in their operation.