Australian renewable energy policy: Barriers and challenges |
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| Affiliation: | 1. School of Agriculture and Food Sciences, The University of Queensland, St Lucia, Qld 4072, Australia;2. Energy Economics and Management Group, School of Economics, The University of Queensland, St Lucia, Qld 4072, Australia;1. ISA, School of Physics A28, The University of Sydney, NSW 2006, Australia;2. Delta Electricity Chair in Sustainable Energy Development, School of Chemical and Biomolecular Engineering, The University of Sydney, NSW 2006, Australia;1. Economics and Sustainability at AGL Energy Ltd, Griffith University, Level 21, 101 Miller Street, North Sydney, NSW, 2060, Australia;2. Manager Carbon and Renewable Policy at AGL Energy Ltd, Level 21, 101 Miller Street, North Sydney, NSW, 2060, Australia;3. University of New England, Armidale, NSW, 2351, Australia;1. The University of Sydney, Department of Political Economy, NSW 2006, Australia;2. The University of Sydney, Department of Sociology and Social Policy, NSW 2006, Australia |
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| Abstract: | Effective policy and regulatory frameworks are paramount to incentivising the deployment of renewable energy to achieve long term reductions in carbon emissions. Australia's renewable energy policy has taken significant steps towards encouraging the deployment of lower-emission energy generation. Significant policy barriers still exist at the federal and state levels, however, which have reduced the effectiveness of a concerted national effort to deploy renewables. The current policy landscape has favoured mature technologies which present the lowest investment risk at the expense of emerging options which may present greater efficiency and emissions reduction gains. The lack of support for emerging technologies delays their effective deployment and the accumulation of highly skilled human capital, until the medium to long term. This paper outlines the key policy frameworks, incentives and regulatory environment which encompasses the renewable energy sector, and presents a critical analysis of the barriers faced by the industry. |
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| Keywords: | Australia Renewable energy Energy policy Q42 Q28 Q50 |
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