ORIGINAL PAPER
Australia’s green energy development strategy
1
Center for Analysis, Risk Management and Internal Control in Digital Space, Financial University under the Government of the Russian Federation, Russia
2
International Institute of Energy Policy and Diplomacy, MGIMO University, Russia
Submission date: 2021-01-26
Final revision date: 2021-03-04
Acceptance date: 2021-03-05
Publication date: 2021-03-24
Corresponding author
Elnur Mekhdiev
Center for Analysis, Risk Management and Internal Control in Digital Space, Financial University under the Government of the Russian Federation, 49, Leningradsky Prospekt, 125993, Moscow, Russia
Center for Analysis, Risk Management and Internal Control in Digital Space, Financial University under the Government of the Russian Federation, 49, Leningradsky Prospekt, 125993, Moscow, Russia
Polityka Energetyczna – Energy Policy Journal 2021;24(1):67-84
KEYWORDS
TOPICS
ABSTRACT
Today green energy agenda is in the lead position in the media space and scientific community. The countries have put forward ambitious strategies for green energy development: cut CO2 emissions, introduce new financial instruments. Australia is no exception. The country is trying to start a massive green energy transformation, but its effect on the economy of Australia is dubious, especially taking the losses of profit from coal exports into account. The article aims at answering the main question: is massive green transformation necessary for Australia and the ones, which follow it, namely, how can green energy transformation be conducted in the country, what sources of renewable energy are preferable in the country and how does the green energy transition influence the Australian economy? The key findings include: the proof of the non-necessity of massive green energy transformation in Australia, the proof that solar and wind power are the most effective renewable energy resources in the country and the proof that Australia should slow down the green energy transformation if it wants to preserve its economic prosperity.
METADATA IN OTHER LANGUAGES:
Polish
Strategia rozwoju zielonej energii w Australii
Australia, energia, zielona energia, transformacja, węgiel, analiza, strategia
Dziś programy dotyczące zielonej energii zajmują wiodącą pozycję w przestrzeni medialnej wśród społeczności naukowej. Kraje przedstawiają ambitne strategie rozwoju zielonej energii: ograniczenie emisji CO2, wprowadzenie nowych instrumentów finansowych. Australia nie jest w tym obszarze wyjątkiem. Kraj próbuje rozpocząć masową transformację w kierunku zielonej energii, ale jej wpływ na gospodarkę Australii jest wątpliwy, zwłaszcza jeśli weźmie się pod uwagę utratę zysków z eksportu węgla.
Artykuł ma na celu dać odpowiedź na podstawowe pytania: czy w Australii konieczna jest masowa zielona transformacja, oraz w jaki sposób można przeprowadzić transformację w kierunku zielonej energii w kraju, jakie źródła energii odnawialnej są preferowane i w jaki sposób przejście na zieloną energię wpłynie na australijską gospodarkę?
Kluczowe ustalenia są następujące: wykazano brak konieczności masowej transformacji w kierunku zielonej energii w Australii; wykazano, że energia słoneczna i wiatrowa są najskuteczniejszymi odnawialnymi źródłami energii w kraju oraz udowodniono, że Australia powinna spowolnić transformację w kierunku zielonej energii, jeśli chce zachować dobrobyt gospodarczy.
REFERENCES (52)
1.
Australian Energy Update 2020. [Online] www.energy.gov.au/publications/australian-energy-update-2020 [Accessed: 2020-09-03].
2.
Australian renewable export COVID-19 recovery package 2019. WWF-Australia, Sydney. [Online] www.sustainablefinance.hsbc.com/carbon-transition/australian-renewable-export-covid-19-recovery-package [Accessed: 2020-11-13].
3.
Australia’s 2030 Emission Reduction Target Strong, credible, responsible. [Online] www.pmc.gov.au/sites/default/files/publications/Summary%20Report%20Australias%202030%20Emission%20Reduction%20Targetpdf [Accessed: 2021-02-03].
4.
Australia’s rising greenhouse gas emissions. [Online] www.climatecouncil.org.au/wp-content/uploads/2018/06/CC_MVSA0143-Briefing-Paper-Australias-Rising-Emissions_V8-FA_Low-Res_Single-Pages3.pdf [Accessed: 2021-02-03].
5.
Azad et al. 2014 – Azad, A.K., Rasul, M.G., Khan, M.M.K., Omri, A., Bhuiya, M.M.K. and Hazrat, M.A. 2014. Modelling of Renewable Energy Economy in Australia. Energy Procedia 61, pp. 1902–1906.
6.
Boromisa et al. 2015 – Boromisa, A.-M., Tišma, S. and Ležaić, A.R. 2015. Green jobs for sustainable development. Green Jobs for Sustainable Development. Taylor and Francis Inc. 41, pp. 1–193.
7.
Bridge et al. 2018 – Bridge, G., Özkaynak, B. and Turhan, E. 2018. Energy infrastructure and the fate of the nation: Introduction to special issue. Energy Research & Social Science 41, pp. 1–11.
10.
Byrnes et al. 2013 – Byrnes, L., Brown, C., Foster, J. and Wagner, L. 2013. Australian renewable energy policy: Barriers and challenges. Renewable Energy 60(1), pp. 711–721.
11.
Byrnes, L. and Brown, C. 2015. Australia’s renewable energy policy: the case for intervention. MPRA. University Library of Munich, Germany, paper 64977.
12.
Circelli, M. and Stanwick, J. 2014. Economic vulnerability in Australia, 2002–12: an employment perspective. NCVER, Adelaide. [Online] www.ncver.edu.au/__data/assets/file/0024/8862/economic-vulnerability-2707.pdf [Accessed: 2020-11-13].
13.
CSIRO 2007. Biofuels in Australia – issues and prospects. [Online] https://www.agrifutures.com.au... [Accessed: 2021-02-03].
14.
de Atholia et al. 2020 – de Atholia, T., Flannigan, G. and Lai, S. 2020. Renewable Energy Investment in Australia. Reserve bank of Australia. [Online] www.rba.gov.au/publications/bulletin/2020/mar/pdf/renewable-energy-investment-in-australia.pdf [Accessed: 2020-09-03].
15.
Donastorg et al. 2017 – Donastorg, A., Renukappa, S. and Suresh, S. 2017. Financing Renewable Energy Projects in Developing Countries: A Critical Review. IOP Conf. Series: Earth and Environmental Science 83, 012012. [Online] https://iopscience.iop.org/art... [Accessed: 2020-12-03].
16.
Electricity supply, demand and prices in New South Wales 2018. Select Committee on Electricity Supply, Demand and Prices in New South Wales. Report, Sydney. [Online] www.parliament.nsw.gov.au/lcdocs/inquiries/2457/Electricity%20Supply,%20Demand%20and%20Prices%20in%20New%20South%20Wales%20-%20Final%20report.pdf [Accessed: 2020-11-13].
17.
Energy Budget Information 2020. [Online] www.energy.gov.au/government-priorities/energy-budget-information [Accessed: 2020-09-03].
18.
Evershed, N. 2015. Budget 2015: full breakdown of revenue and expenditure. [Online] www.theguardian.com/australia-news/ng-interactive/2015/may/12/budget-2015-full-breakdown-of-revenue-and-expenditure [Accessed: 2020-09-03].
19.
Federal Register of Legislation 2000. Renewable Energy (Electricity) Act 2000. No. 174. [Online] www.legislation.gov.au/Details/C2019C00061 [Accessed: 2020-11-13].
20.
Froestad, J. and Benney, T.M. 2019. China: A global renewable energy fulcrum? Environmental and Planning Law Journal 36(6), pp. 605–618.
21.
Hajkowicz et al. 2013 – Hajkowicz, S., Cook, H. and Boughen, N. 2013. The Future of Tourism in Queensland. Megatrends creating opportunities and challenges over the coming twenty years. CSIRO, Australia. [Online] https://publications.csiro.au/... [Accessed: 2020-11-13].
22.
Hinkley et al. 2017 – Hinkley, J.T., McNaughton, R.K., Hayward, J.A. and Lovegrove, K. 2017. A solar fuels roadmap for Australia – Study outcomes. AIP Conference Proceedings. 22nd International Conference on Concentrating Solar Power and Chemical Energy Systems 1850, DOI: 10.1063/1.4984467.
23.
Hudson, M. 2019. Enacted inertia: Australian fossil fuel incumbents’ strategies to undermine challengers. The Palgrave Handbook of Managing Fossil Fuels and Energy Transitions. Springer International Publishing. Cham., pp. 195–222.
24.
Hydropower study report 2017. A technical report to the Australian Government from the CSIRO Northern Australia Water Resource Assessment, part of the National Water Infrastructure Development Fund: Water Resource Assessments. Entura, CSIRO, Australia. [Online] www.csiro.au/~/media/Major-initiatives/NorthernAustralia/NAWRA-technical-reports/NAWRA-Technical-Report---Hydropower_LORES.pdf?la=en&hash=A08015FA8FDEEA6DC1D1C0D9935C4B514B13BBD2 [Accessed: 2020-11-13].
25.
IRENA 2020. The post-covid recovery. An agenda for resilience, development and equality 2020. International Renewable Energy Agency, Abu Dhabi. [Online] https://irena.org/-/media/File... [Accessed: 2020-11-13].
26.
Jones, S. 2009. The Future of Renewable Energy in Australia: A Test for Cooperative Federalism? The Australian Journal of Public Administration 68(1), pp. 1–20.
27.
Koitsiwe, K. and Adachi, T. 2015. Australia Mining Boom and Dutch Disease: Analysis Using VAR Method. Procedia Economics and Finance 30, pp. 401–408.
28.
Kulovesi, K. and Oberthür, S. 2020. Assessing the EU’s 2030 Climate and Energy Policy Framework: Incremental change toward radical transformation? Review of European, Comparative and International Environmental Law 29(2), pp. 151–166.
29.
Leal et al. 2018 – Leal, P.H, Marques, A.C. and Fuinhas, J.A. 2018. How economic growth in Australia reacts to CO2 emissions, fossil fuels and renewable energy consumption. International Journal of Energy Sector Management 12(4), pp. 696–713.
30.
Maradin et al. 2017 – Maradin, D., Cerović, L. and Mjeda, T. 2017. Economic Effects of Renewable Energy Technologies. Naše gospodarstvo/Our Economy 63(2), pp. 49–59, DOI: 10.1515/ngoe-2017-0012.
31.
Maxim, M.R. and Zander, K. 2020. Green Tax Reform and Employment Double Dividend in Australia Should Australia Follow Europe’s Footsteps? A CGE Analysis. Margin 14(4), pp. 454–472.
32.
Onu, P. and Mbohwa, C. 2019. Renewable Energy Technologies In Brief. International Journal of Scientific & Technology Research 8(10), pp. 1283–1289.
33.
Pearse, R. 2017. Pricing Carbon in Australia: Contestation, the State and Market Failure. pp. 1–156, DOI: 10.4324/9781315363455.
34.
Polzin et al. 2014 – Polzin, F., Migendt, M., Täube, F.A. and von Flotow, P. 2014. Public Policy Influence on Renewable Energy Investments – A Longitudinal Study Across OECD Countries. Energy Policy 80, pp. 98–111, DOI: 10.2139/ssrn.2423310.
35.
Renewable energy benefits: measuring the economics 2016. International Renewable Energy Agency. Abu Dhabi United Arab Emirates. [Online] www.irena.org//media/Files/IRENA/Agency/Publication/2016/IRENA_Measuring-the-Economics_2016.pdf [Accessed: 2020-09-03].
36.
Renewable energy jobs: future growth in Australia 2016. Climate Council of Australia Limited. [Online] www.climatecouncil.org.au/uploads/7b40d7bbefbdd94979ce4de2fad52414.pdf [Accessed: 2020-09-03].
37.
Renewable energy technologies. Module 7. 2009. Sustainable energy regulation and policymaking for Africa. [Online] www.unido.org/sites/default/files/2009-02/Module7_0.pdf [Accessed: 2020-12-03].
38.
Ruhanen, L. and McLennan, C. 2009. Strategic Issues in the Australian Tourism Industry: An Analysis of National Tourism Strategies and Plans. 18th Annual CAUTHE Conference: See Change – Tourism & Hospitality in a Dynamic World. Queensland, Australia.
39.
Salygin et al. 2019 – Salygin, V., Guliev, I., Chernysheva, N., Sokolova, E., Toropova, N. and Egorova, L. 2019. Global Shale Revolution: Successes, Challenges, and Prospects. Sustainability 11, DOI: 10.3390/su11061627.
40.
Sarkodie, S.A. and Strezov, V. 2018. Assessment of contribution of Australia’s energy production to CO2 emissions and environmental degradation using statistical dynamic approach. Science of the Total Environment 639, pp. 888–899.
41.
Singh et al. 2019 – Singh, N., Nyuur, R. and Richmond, B. 2019. Renewable Energy Development as a Driver of Economic Growth: Evidence from Multivariate Panel Data Analysis. Sustainability 11(8), 2418, DOI: 10.3390/su11082418.
42.
Sribna et al. 2019 – Sribna, Y., Trokhymets, O., Nosatov, I. and Kriukova, I. 2019. The globalization of the world coal market – Contradictions and trends. E3S Web of Conferences. 13th International Scientific and Practical Conference on Ukrainian School of Mining Engineering 123, DOI: 10.1051/e3sconf/201912301044.
43.
Stewart, B. 2016. Week 5: Simple Linear Regression. [Online] https://scholar.princeton.edu/... [Accessed: 2020-09-03].
44.
Sun et al. 2019 – Sun, H., Edziah, B.K., Sun, C. and Kporsu, A.K. 2019. Institutional quality, green innovation and energy efficiency. Energy Policy 135, DOI: 10.10.16/j.enpol.2019111002.
45.
Thomas et al. 2010 – Thomas, I., Sandri, O. and Hegarty, K. 2010. Green jobs in Australia: A status report. Sustainability 2(12), pp. 3792–3811.
46.
Trainer, T. 2012. Can Australia run on renewable energy? The negative case. Energy Policy 50, pp. 306–314.
47.
Transforming Our World: The 2030 Agenda for Sustainable Development. [Electronic resource]: adopted by resolution Gener. Of the UN Assembly 25 sep. 2015A/70/L.1. [Online] www.un.org/ga/search/view_doc.asp?symbol=A/RES/70/1&Lang=R [Accessed: 2021-01-21].
48.
UNGA 2015. Resolution adopted by the General Assembly on 25 September 2015. Transforming our world: the 2030 Agenda for Sustainable Development. [Online] https://www.un.org/ga/search/v... [Accessed: 2021-03-17].
49.
von der Lippe, P. 2001. Chain Indices A Study in Price Index Theory. Federal Statistical Office. Spectrum of Federal Statistics 16, p. 291.
50.
Yang et al. 2019 – Yang, M., Sandu, S., Li, W. and Khalid, M.T. 2019. Renewable energy in Australia: a wider policy discourse. Chinese Journal of Population Resources and Environment 17(3), pp. 1–13.
51.
Zhao et al. 2020 – Zhao, W., Ma, Y. and Zhu, H. 2020. Shale gas potential of goldwyer formation in canning basin, Australia. 8th International Field Exploration and Development Conference, IFEDC 2018, Xi’an, China, pp. 560–572.
52.
Zhiznin, S.Z. and Cherechukin, A.V. 2020. Factors of development and introduction of clean coal-mining technologies in the world economy. Mining Informational and Analytical Bulletin 6, pp. 27–37.
Share
RELATED ARTICLE
| eISSN: | 2720-569X |
| ISSN: | 1429-6675 |
We process personal data collected when visiting the website. The function of obtaining information about users and their behavior is carried out by voluntarily entered information in forms and saving cookies in end devices. Data, including cookies, are used to provide services, improve the user experience and to analyze the traffic in accordance with the Privacy policy. Data are also collected and processed by Google Analytics tool (more).
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
