The development of clean energy for Australia is vital for stabilizing earth’s climate, reducing environmental pollution, and powering the actions that can help us become more sustainable.
Energy is at the core of what Bright New World advocates for, as plentiful clean energy is the key to not only reducing harmful pollutants, but to improving the quality of life for people and the planet. Bright new world sees plentiful clean energy as affordable, reliable and low carbon.
While efforts are underway to reduce carbon dioxide emissions in the electricity sector, other energy uses in liquid fuels, industrial heat and energy intensive advanced manufacturing will also require decarbonisation
Decarbonisation of combustible energy processes is required to meet global carbon reduction targets of 50% by 2030 and net zero by 2050. These targets are informed by the IPCC’s reporting on meeting the 1.5C and 2C global warming targets.
The decarbonisation of all primary energy sources will require:
the transition of electricity generation away from unabated fossil fuel combustion
the transition away from unabated natural gas in industrial and residential heat
the transition from unabated fossil fuel combustion for transport to electrical transportation
the development of affordable clean hydrogen and synthetic fuels.
As such in Australia the need to develop a base of energy sources that have low carbon dioxide emissions while providing affordable and reliable energy is essential to providing the diverse energy services we required while strongly reducing our greenhouse emissions and air pollution. It is a finding echoed in the review into the national energy market, solving the energy trilemma of affordability, reliability and security, and low carbon.
Policies to achieve these criteria must be technology neutral, non-prescriptive and market based. A limit of less than 100gCO2-e/kWh (LCA) must be enacted for new electrical energy developments to ensure that all low carbon energy sources are preferred.
To achieve a decarbonised energy system in Australia Bright New World calls for:
1) Clean Energy Target to enable low carbon generation to meet targets of 50% by 2030 and net zero by 2050. A CET must incorporate the learnings from the National Energy Guarantee proposal.
2) Removal of the Nuclear Prohibition in Australia.
3) Plan a pathway to zero-carbon industrial heat from a technology neutral perspective
4) Investigate the production of hydrogen synthetic fuels using zero-carbon heat and electricity
5) Reform ARENA’s functions to include all low carbon energy sources.
6) Broadening Clean Energy Finance Corporations technology investment rules to induce all sources below 100g CO2-e/kWh, and to increase it’s financing capacities.
Clean Energy Target
Repeal 140A (removal of nuclear prohibition)
Development of high temperature nuclear reactors in Australia
Global energy lending reform