Imagine it's 2030 and Australia is a renewable energy superpower in Southeast Asia & More News Here

We are into the ultimate fortnight of the election marketing campaign, and commentators have famous that local weather change has been virtually invisible. This is regardless of the most recent IPCC report in April calling for pressing motion to keep away from catastrophic local weather change.

So what would a constructive imaginative and prescient for Australia as a local weather chief appear like?

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Fast-forward 8 years

Imagine it’s 2030. Australia is a renewable energy superpower serving to meet Southeast Asia’s energy wants. It exports renewable energy through cable from northern Australia and ships inexperienced hydrogen first from Queensland and Tasmania, and then from throughout the nation.

It is a vital exporter of inexperienced commodities – such inexperienced metal produced with renewable energy – and the essential minerals used in renewable know-how similar to photo voltaic panels and electrical autos. It works carefully with the area on local weather threat evaluation and catastrophe preparedness.

Seem fanciful? Not essentially.

Southeast Asia’s wants

Southeast Asian nations are extremely uncovered to the consequences of local weather change, with ASEAN score Southeast Asia as one of many world’s most at-risk areas. Southeast Asia is already experiencing the rising depth and magnitude of utmost climate occasions together with flash floods, forest fires, landslides and cyclones – and the financial, environmental and social injury they trigger.

In an period of local weather disasters, Australia must keep away from getting caught in a spiral of merely responding to occasions. As one of many major safety threats of this century, we all know local weather change is a large problem for Australia’s strategic and international coverage. But it is additionally a possibility.

Southeast Asian nations will more and more be in search of renewable energy sources, inexperienced commodities, essential minerals and related applied sciences and infrastructure, with nations as numerous as Singapore, Vietnam and Cambodia and Laos all placing in place nationwide inexperienced development plans.

Australia’s sources

Australia must be in a place to facilitate this. It has a main aggressive benefit because of its renewable energy sources.

One supplier, Sun Cable, estimates its undersea cable from Darwin may present as much as 15% of Singapore’s electrical energy provide.

Australia’s pure endowment of nickel, copper, lithium and cobalt are essential to the event of photo voltaic panels and electrical autos (which in flip can result in job creation in uncooked supplies, technological improvement and service supply).

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IPCC says the instruments to cease catastrophic local weather change are in our palms. Here’s methods to use them

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Southeast Asian nations are in search of companions in their energy transition not simply inside ASEAN however amongst different nations. Australia’s latest inexperienced economic system agreements with Singapore, Indonesia and Vietnam exhibit this. But there are different nations who may additionally make the most of this market. For instance, main gamers in hydrogen embody Japan, Korea, China and Germany.

There are boundaries to beat

To obtain this, Australia might want to overcome ambivalence and inconsistency round local weather and energy coverage. This has led to uncertainty for energy market operators which means they will’t plan and decide to main initiatives.

In many Southeast Asian nations, there are additionally vested pursuits and political calculations that create boundaries. For instance, there are robust political incentives to subsidise fossil fuels in some nations that must be managed, as Indonesia did when it scrapped petrol subsidies.

Finding methods for individuals who presently profit from fossil gasoline to profit from renewables could also be vital to assist them transition.

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Climate change is a safety risk the federal government retains ignoring. We’ll present up empty handed to yet one more international summit

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A window of alternative

There is a window of alternative for Australia to grow to be actively concerned in influencing Southeast Asian economies in the direction of sustainable infrastructure and renewable energy sources.

Australia may use blended finance – the place improvement finance attracts personal finance – to assist funding. For instance, blended finance into Indonesia’s rising automobile battery business may assist it grow to be a international electrical automobile manufacturing hub, each securing a essential tech provide chain and increasing export markets for Australian lithium.

Government has a function in compiling and selling up-to-date assessments of regional wants and Australia’s alternative to produce these, together with in essential minerals, inexperienced metal, inexperienced aluminium and hydrogen. As business turns into extra conscious of the alternatives for Australian renewable exports, the quantity will rise.

Australia must also work with regional our bodies on associated coverage points, together with requirements, certification and regulation and with Southeast Asian governments on coverage creation and regulation. Australian can share its experience round energy market design to help with improvement of a region-wide ASEAN electrical energy market.

The pathways are there for Australia to be a vital accomplice to attain the worldwide objective of internet zero by 2050 in Southeast Asia, a area that might be a litmus check for the remainder of the world.

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Read extra:
As Asia faces local weather change upheaval, how will Australia reply?

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