Australian energy projections to 2029-30

Australian energy projections to 2029-30 Report

ABARE research report 10.02

  • Author(s): Syed, A., Melanie, J., Thorpe, S., Penney, K.
  • Published: 2010
  • Publisher: Department of Resources, Energy and Tourism

Abstract: In this report, ABARE’s latest long-term projections of Australian energy consumption, production and trade are presented, with an outlook horizon of 2029-30. These projections are not intended as predictions or forecasts, but as indications of potential changes in Australian energy consumption, production and trade patterns given the assumptions used in the report. In undertaking these projections, ABARE included government policies that have already been enacted and those that can reasonably be expected to be adopted over the projection timeframe. On this basis, the Renewable Energy Target (RET) and a 5 per cent carbon emissions reduction below 2000 levels by 2020 have been incorporated in the projections, as well as other existing government initiatives. The design of the carbon emissions reduction target modelled in this report is consistent with the proposed Carbon Pollution Reduction Scheme (CPRS) as specified in the White Paper on the Carbon Pollution Reduction Scheme (CPRS) released on 15 December 2008 and amended on 4 May 2009. In November 2009, the Australian Government announced further measures related to assistance for electricity generators, households and energy-intensive trade-exposed industries under the proposed CPRS. These measures will clearly have distributional impacts and provide assistance to affected parties. However, it is unlikely that these measures will have a major effect on the behaviour of respective agents in the long run, given the incentives inherent in the CPRS for long-term structural adjustment to reduce the carbon intensity of the Australian economy.

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Suggested Citation
Syed, A., Melanie, J., Thorpe, S., Penney, K., 2010, Australian energy projections to 2029-30, Report, viewed 16 June 2024, https://www.nintione.com.au/?p=5120.

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