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

Australia can still reach its net-zero energy goal by 2050, according to BloombergNEF (BNEF), but there is no time to waste, with a need for significant investments in solar, wind, and energy storage to stay on track. From pv magazine Australia 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 ($2. 4 trillion) required by 2030 and renewable energy capacity needing to grow by 135% to more than 126 GW. The latest edition of BNEF's New Energy Outlook report shows that to stay on ...

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