2022-08-20
http://w3.windfair.net/wind-energy/news/40947-globaldata-australia-low-carbon-net-zero-emissions-decarbonizing-investment-policy-ccs-renewable-energy-power-plant

Australia tackles 2050 net zero emissions target

Image: GlobalDataImage: GlobalData
Australia has come up with decarbonizing actions to reach its net zero emissions target for 2050. This includes a variety of measures.

Official Press Release GlobalData:

Australia steps up investments and decarbonizing policies to meet 2050 net zero emissions, observes GlobalData

Wind Industry Profile of
Australia steps up investments and decarbonizing policies to meet 2050 net zero emissions, observes GlobalData

In a bid to meet its target of zero emissions by 2050, Australia has come up with decarbonizing actions ranging from adopting electric vehicles to developing ethanol facilities to support the chemical industry, encouraging renewable refineries for the growth of biofuels. Furthermore, the country plans to increase its carbon capture and storage projects and develop low carbon hydrogen markets across all industries, says GlobalData, a leading data and analytics company.

On the power side, Australia is to expect a gradual increase in both renewable energy capacity and generation, specifically solar and wind energy, shaping a low carbon power scenario for 2050. For example, in 2020, power capacity was dominated by thermal power with over 40% share with coal thermal power dominating... ... More: Official Press Release GlobalData

Keywords:
GlobalData, Australia, low carbon, net zero emissions, decarbonizing, investment, policy, CCS, renewable energy, power plant







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