Australia needs to formalize renewable energy targets

Wind Industry Profile of

Australia has pledged to cut greenhouse gas (GHG) emissions by 43% and increase the share of renewable power generation in the country’s National Electricity Market to 82% by 2030, as part of plans to emerge as a renewables superpower and cater to the needs of South Asian countries.

However, the country needs to formalize these targets into policy at the earliest to achieve them, states GlobalData, a leading data and analytics company. GlobalData’s report, “Australia Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2022-2035,” reveals that the first step towards becoming a renewables superpower is to overcome its... ... More: Official Press Release GlobalData

Keywords:

GlobalData, Australia, target, renewable energy, policy, emissions, coal, gas, large scale, interconnector, share