Energy transformation – A movement unstoppable
It has arguably been the most disruptive and distracting twelve months for global energy and climate policy. Domestic and global elections have heightened uncertainty around our ability to meet 2050 net zero targets, with incoming governments, both domestically and internationally, scaling back their commitment to energy transformation. But we should not lose sight of the progress already made.
Renewable energy sources account for around 43% of Australia's electricity generation. Decarbonisation is gaining momentum, driven by innovative cross-sector partnerships and collaborations. Consumer engagement is strong, reflected in the globally unparalleled uptake of rooftop solar panels and household batteries.
Australia’s abundance of natural and critical resources continues to reinforce its position as a trusted partner in regional and global energy security, and an attractive destination for new entrants and investment despite global trade uncertainties. At the same time, policy focus is sharpening around improving planning systems and streamlining environmental approvals, offering greater clarity and confidence to investors and market participants. These developments recognise the vital role the energy transition will play in securing Australia’s long term economic and energy future.
With a clear mandate for the government to accelerate the deployment of renewables, now is not the time to get distracted by negative discourse. Now is the time to strike the right balance between acknowledging our progress and working through our shortcomings and challenges.
This is too significant a movement. This is a movement unstoppable.
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Where have we come from? Where will we go?
To shape a better future, we must learn from our past and act in the present. In this podcast series, Deloitte sits down with some of the nation’s most influential business and government leaders to unpack what Australia would, could, or should look like in 2030. Join us as we explore the road ahead and what it means for our economy, our climate, and our people in this new age of disruption.