<
https://reneweconomy.com.au/bowen-may-still-fall-short-of-his-82-pct-renewables-target-but-its-bad-news-for-coal/>
"Think, for a moment of the National Electricity Market as a human or a plant,
where the parts contribute to the whole. The NEM is neither human not plant,
and is in fact the country’s biggest machine. But if you assume transmission is
built, there are no other significant barriers to building lots of wind, solar
and batteries.
Chris Bowen’s newly expanded Capacity Investment Scheme is hugely significant.
It may not get the country to its stated target of 82 per cent renewables,
because of transmission and other constraints, but it is likely to get close.
The decarbonisation of the grid will proceed and the NEM will be at least 72
per cent renewable by 2030, and possibly more. As a result, prices in real
terms will be lower, and it is a big blow to coal.
Before we get to more detailed discussion about the Bowen capacity news, let’s
run through some other important assumptions, including demand forecasts and
the state of the NSW planning regime, which is important because it affects the
country’s biggest grid."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-child-nutrition-human-rights-bhutan-ocean-png/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
