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The Australian Energy Market Operator’s (AEMO) modelling, contained in its latest 20-year blueprint for the nation’s energy system, the Integrated System Plan (ISP), suggests that the federal government’s 2030 renewable energy target of 82% will require investment in wind and solar energy infrastructure to be ramped up.
The AEMO has concluded that even if all wind and power projects currently in the pipeline go ahead, renewables will account for just 75% of the nation’s energy mix by 2030.
AEMO highlights the following structural bottlenecks:
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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.
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