PUBLICATION

POWER

AUTHORS

Katie Bromley, Angela Harmantas

Australia Power 2013 POWER Release

June 12, 2013

For years, Australia has been heavily reliant on plentiful domestic coal resources for electricity generation, but recent federal legislations are explicitly designed to restructure the country’s power supply. The July 1, 2012 introduction of the Labour government’s much-debated carbon tax has signaled a new wave of enthusiasm for renewable energy projects that have previously been considered a complement to Australia’s coal-fired generation matrix. In another move to promote renewables, the federal government has instituted a Renewable Energy Target of 20% renewable power generation by 2020, representing a 10% increase from current levels.

These developments have taken place at a time when Australia has successfully navigated the harsh waters of the global financial crisis, thanks in large part to its energy-intensive resource industries. Australia’s GDP growth during the first half of 2012 ranked amongst the developed world’s highest rates at 3.7%. In another stamp of approval for Australia’s economic success, the International Monetary Fund predicted that Australia would outperform all advanced economies for at least the next two years.

RELATED INTERVIEWS MORE INTERVIEWS

No Content Found

RECENT PUBLICATIONS

United States Life Sciences 2025 - Digital Interactive

Resilience amid uncertainty. These words encapsulate the US life sciences sector as it navigates 2025. While the industry has largely rebounded from the recent biotech bear market, with clinical trial starts and funding showing signs of rebound, headwinds remain.

MORE PREVIOUSLY PUBLISHED

MACIG

"Our relationship with Petro-Canada Lubricants has matured significantly, and we now represent the brand in close to 40 countries across West, East, and Central Africa."

SUBSCRIBE TO OUR NEWSLETTER