Submission to Senate Environment and Communications References Committee inquiry: Retirement of coal fired power stations
Author: Dylan McConnell12
1 Melbourne Energy Institute (University of Melbourne)
2 Australian-German Climate and Energy College (University of Melbourne)
Download full report here.
• In order to meet the objectives of ‘Paris Agreement’ and keep global warming below 2◦C, requires emission from the electricity sector to dramatically reduce, to practically zero, by 2050.
• The majority of existing coal fired power stations in Australia will have reached the end of their technical lives by 2050.
• Renewable energy is competitive with new entry fossil generation. This is particularly true when comparing equitable emissions outcomes.
• Plant ages, the ‘Paris Agreement’ and renewable energy costs suggest significant retirements of coal, with concurrent replacement with renewable energy between now and 2050.
• Evidence from South Australia points to a need for coordinated system planning of transitional arrangements maintenance of electricity supply, affordability and security
On the day, 23rd Nov 2016, that the new Victorian Climate Change Bill 2016 was tabled for a second reading, Malte Meinshausen and Ross Garnaut provided Members of the Victorian State Parliament with a briefing on the latest climate science, the Paris Agreement and the economic opportunities for Australia and Victoria.
Organised by Environment Victoria.