More than 50 per cent of Australia’s coal fleet will be over 40 years old by 2030, and the Australian electricity grid – along with these ageing fossil fuelled power stations – are increasingly vulnerable to worsening extreme weather events.
If we are to reach zero carbon pollution well before 2050 in order to effectively tackle climate change, we need to increase our reliance on renewable energy. But did you know Australia could reach 50 per cent renewables by 2030 – without significant new energy storage?
The Climate Council’s latest report on renewable energy and battery storage in Australia points out a range of factors that have helped us reach the cusp of a future where energy production is sustainable – and reliable.
The Fully Charged: Renewables and Storage Powering Australia report reveals over 20,000 new household lituim-ion batteries – used for renewable energy storage – were installed in 2017. That’s up from 6,750 in the previous year. Over the last eight years, the cost of lithium-ion batteries fell by 80 per cent. By 2025, the cost will halve again.
Read the full article here www.businessinsider.com.au/australia-renewable-energy-2018-2