The energy transition as an economic opportunity

As one of the world's largest exporters of coal and gas, Australia has been reluctant to embrace the energy transition and establish a decarbonisation pathway that is consistent with the Paris Agreement. However, the transition offers a significant opportunity for Australia to become a renewable energy superpower. Australia's renewable energy potential is amongst the best in the world and could be utilised to meet not only domestic demand, but also to create a new export industries.  Exports could take the form of direct electricity exports via HVDC lines, hydrogen (in the form of ammonia, liquid organic hydrogen carriers etc) or energy-intensive goods produced with low-cost energy. Over the past two years, the Energy Transition Hub (energy-transition-hub.org) pursued a research collaboration between Germany and Australia to investigate a number of scenarios scenarios with various energy system and electricity models. This talk will give an overview of the results from the Hub's scenario work, lead by researchers Dr. Falko Ueckerdt, Dylan McConnell, Changlong Wang, and many others