Energy System Deep Dive - The Electrification of Everything
The necessary transformation to securing Australia's decarbonisation
Over the next decade, Deloitte Access Economics estimates around $25 billion must be reallocated away from emissions-intensive to low emissions assets in the energy system, and around $100 billion of additional capital must flow into low emissions assets in order for the Australian economy to meet its 2050 net zero ambitions.
In this deep dive into the energy system, we explore:
The speed and scale at which transformation must take place – the next decade is crucial to turning our ambition into action
The structural and economic transformation of the energy system that is required – the energy system of tomorrow will look radically different to what it does today.
What does this mean for the system’s incumbents, disrupters and enablers, and how will each adapt to the changes.
What are the key shifts and trends – decarbonisation, decentralisation and digitisation – and what are the key questions your business needs to consider as it navigates the transition.
Pradeep is the Lead Partner for Deloitte Access Economics. He has had a long and successful career in public policy, with deep expertise in economics and proven leadership experience. Pradeep has been a senior bureaucrat, working at the highest levels of public policy, across three jurisdictions in Australia. Pradeep’s experience includes: Director of Policy in the Prime Minister’s office, Secretary of the Department of Health and Human Services in Victoria, CEO of LaunchVic – a company established by the Victorian Government to promote start-ups and entrepreneurship – and Associate Director General of the Department of Premier and Cabinet in Queensland. He holds a PhD in Economics and Bachelor of Economics (Hons) from the University of Queensland.
Sandra James is Deloitte’s National Lead Partner for Power, Utilities & Renewables and leads our Regulatory practice. She is a trusted advisor to clients in the power, utilities and renewables sector, across Australia. She has been deeply involved in the sector as it has evolved over the last 25 years and has a demonstrated track record of bringing together skilled and experienced teams to deliver complicated and sensitive projects for energy industry participants, regulators and governments. Sandra is known for her strong understanding of the commercial and operational impacts for industry participants of market change and reform, and for supporting constructive dialogue between industry and government on the development of policy and regulatory reforms. She specialises in economic and non-economic regulatory frameworks; regulatory strategy; market and regulatory reform and reform implementation programs. Sandra is an advocate for the recognition of emerging industry talent and the development of women at all levels in the power, utilities and renewables sector.