Australia needs 126 GW of solar, wind by 2030 to hit net zero by 2050, says BNEF

New modeling from BNEF shows that Australia must rapidly decarbonize its power sector to reach its net-zero commitment by 2050, with an investment of AUD 3.56 trillion required by 2030. To achieve this, Australia's energy mix will need to transform, relying on renewables and flexible technologies. The latest report by BNEF outlines scenarios for a low-carbon power sector and discusses the necessity of investing in the right technologies for decarbonization.

Source:

https://www.pv-magazine.com/2024/08/20/australia-needs-126-gw-of-solar-wind-by-2030-to-hit-net-zero-by-2050-says-bnef/

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