Australia has been unable to meet its clean energy transitions for the past three years. But the falling costs of renewable energy, improved energy efficiency, and more funds available mean it’s now more feasible than ever before to make the transition to 100% renewables by 2050. An aggressive catch-up would be needed by 2030 to make this happen, however.
Background
In 2018, Future Super and 350.org approached ISF to collaborate and tell a bigger story about how Australia’s transition to a 100% renewable energy system could be funded by a proportion of the nation’s retirement savings. ISF combined its energy modelling with data on Australia’s forecast future superannuation funds, to define the proportion of Australia’s retirement savings that would be needed to support the transition to 100% renewables by 2050.
Three years have passed with some major events impacting the climate debate, from a global movement by striking school children and new net zero commitments by major emitters, to an increase in extreme weather events around the world and a global pandemic.
Future Super and ISF revisit the research after three years to investigate how these major shifts have impacted Australia’s clean energy transition, and whether our trajectory to clean energy can still be effectively funded with the nation’s retirement savings.
Researchers
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Research Principal -
Senior Research Consultant -
Adjunct Associate Professor
Year
- 2022
Client
- Future Superannuation Group Pty Ltd
SDGs
This project is working towards UN Sustainable Development Goals 7 & 8.
