Australia at 19% renewables – 2030 target to be reached in 2021

Australia at 19% renewables – NEG 2030 target to be reached in 2021 : RenewEconomy

Australia’s electricity grid reached a 19 per cent share of renewable energy in the year to June 30, and with a host of new wind and solar capacity to be added in the next two years will meet its 2030 target for emissions in the electricity sector nine years early.

The latest analysis from The Australia Institute, in its regular energy market audit,  is just the latest in a string of reports that highlight how ineffective the Coalition government’s emissions target are.

The TAI suggests that the NEG will inspire just a 4 per cent cut in emissions between 2020 and 2030, but in effect this will all be met in the first year or two because of the wave of current investment.

via Australia at 19% renewables – NEG 2030 target to be reached in 2021 : RenewEconomy