Labor has set an ‘exceptionally ambitious’ target for renewable energy. Can it be met?

Analysts say the extent to which Australia will have to accelerate the uptake of renewables has not been appreciated – it’s extremely challenging, but not impossible

Australia will need to double the pace of its renewable energy uptake to meet the 2030 target set by the Albanese government, even without any increase in demand, according to Bruce Mountain, head of the Victoria Energy Policy Centre.

Labor’s main energy policy, Rewiring the Nation, includes the creation of a special corporation to funnel $20bn into new transmission links to accelerate the uptake of more clean energy. The plan is part of Labor’s pledge to cut Australia’s 2005-level greenhouse gas emissions 43% by 2030, projecting renewables reach an 82% share of renewables in the National Electricity Market by then.

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