Industry News

National Electricity Market emissions to hit Paris target eight years early

By:NSW ERKH. Date: Friday, December 21, 2018.

National Electricity Market emissions to hit Paris target eight years early

Australia’s emissions from the electricity sector will continue to fall, according to the latest report on Australia’s emissions projections.

Key findings from The Emissions Projections 2018 Report, released today, shows that emissions from electricity generation in the National Electricity Market (NEM) will fall to 26 per cent below 2005 levels by 2022.

This means emissions in the NEM will drop to levels consistent with Australia’s Paris target eight years ahead of time.

Much of the decline will be driven by an increase in renewable energy, which will help meet electricity demand as Australia’s economy continues to grow.

With $15 billion worth of committed investment, there will be a 250 per cent increase in electricity generated from wind and solar in the NEM by 2021.

Across the entire electricity sector, emissions are projected to be 170 Mt CO2-e in 2020, a decrease of 7 per cent on current levels.

The decline in emissions in the electricity sector between 2021 and 2030 contributes a very significant reduction of around 138 Mt CO2-e (carbon dioxide equivalent) to reducing Australia’s 2030 emissions reduction task.

The Government has a sensible and balanced plan to deliver affordable, reliable 24/7 power for Australian families and small businesses, while meeting our emissions reductions targets in the NEM.

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