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I posted two charts on Thursday showing the monumental task of transitioning Australia off fossil fuels.
According to the federal government’s 2024 Australian Energy Update, only 9.4% of Australia’s energy consumption in FY2023 was from renewable sources.
The breakdown of energy consumption by fuel source was as follows as of FY2023:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.