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Monthly highlight featuring one of our recently updated reports.
Australia energy report
- Australia targets for 2030 an 82% share of renewables in the power mix and a 43% reduction in its carbon emissions compared to 2005 levels.
- Around half of the oil and gas production is controlled by large international companies, without any dominant actor. The three largest coal companies only contribute 1/3 of the total output.
- The rapid decrease of coal in the power mix (-25 pp since 2010) was offset by solar and wind (+27 pp).
- Gas production and exports are since 2022 after very rapid growth from 2010 to 2020 (threefold increase for production and fivefold for exports).
- Final consumption has increased by 2.5%/year since 2022, after remaining stable since 2010.
- More than 21 GW of solar, wind, battery storage, and hydro are under construction or subject to an FID. Amid concerns regarding the country's gas supply, its first LNG import terminal commissioning was delayed by two years.