Renewables replace existing power sources

Renewables replace existing power sources

While not everyone impacted by the proposed wind farm near Bowmans Creek east of Singleton is keen on having their landscape transformed by wind turbines the adotption and growth in renewable energy is continuing apace across the country.

Earlier this month the ABC reported that for just over an hours South Australia's energy demand was totally met by solar panels.

And 77 per cent of those solar energy came from consumer rooftop solar systems.

According to that report this was a world first and no doubt won't be the last time similar renewable energy records will be set in the coming years.

Power generation is changing Liddell power station will close in 2023 and its owner AGL has already announced they have plans to build a large storage battery on the site that will play a vital role in achieving power supply stability as the switch from fossil fuels to renewables sources gets underway.

Large corporations are moving with or without government support as they know their economic future lies with sourcing the cheapest form of energy and that today given the technology is renewables.

A recent survey by the Australian Institute reported:

  • Four in five Australians agree climate change is occurring. This is the highest result since 2012.
  • 82% is worried climate change will result in more bushfires
  • Only 12% of Australians want to see Australia's economic recovery led by investment in gas
  • While 59% would like to see the recovery driven by renewables

Our biggest and most stable market for thermal coal Japan has announced this week it plans to cut greenhouse gas emissions to net zero by 2050.

Japanese trading houses have been heavily involved in the local thermal coal industry since the late 1960s as many of the local mines were either partly owned and developed by Japan interests looking for reliable, quality coal supplies to power their manufacturing industries.

Should Japan and also Korea and China decide to significantly reduce their reliance of our thermal coal to achieve lower GHG emissions the economic impacts to the region will be dramatic.