Business Finland and AFRY invite you on 13 March to learn more about the opportunities and challenges of the energy transition in Australia.
Australia has committed to cut carbon emissions by 43% below 2005 levels by 2030, together with a national renewable electricity target of 82% by 2030, setting out the pathway to net-zero by 2050.
The country will also need to increase the speed of installation of renewable capacity to meet the targets, along with the required upgrades to the grid infrastructure. With its favourable natural conditions, abundant renewable energy resources (wind and sun) and extensive land areas, Australia is perfectly positioned for the green energy transition, but not without its challenges.
The National Electricity Market (NEM), which covers the eastern and southern jurisdictions and ~85% of the country’s total electricity consumption, will play a major role in the achievement of the net zero target. From renewable energy targets to enhanced market frameworks, the NEM is transforming at a significant pace.
In this webinar, Joern Schwinge, Head of Energy Management Consulting, AFRY Australia, recaps the targets, challenges and work being undertaken for the NEM to accomplish an orderly transition. Jonathan de la Vina, lead of our NEM modelling, presents our view on the plausible impacts of the targets and future technologies on the NEM’s operations and prices. Pui Mun Shum, lead of our Australian mobility practice, presents the opportunities for the integration of the hydrogen economy into the Australian energy transition, particularly considering the role Australia can play in supporting the steel industry (green ore, minerals and steel) & and green fuels (SAF, green methanol & ammonia).