Bioenergy Australia shows bioenergy transition necessary for climate goals

May 22, 2023 |

In Australia, Australia will be exposed to environmental, economic and energy security risks if governments fail to foster a domestic renewable fuels sector. That is the alarming assessment of a new report commissioned by Bioenergy Australia – Transitioning Australia’s Liquid Fuel Sector: The Role of Renewable Fuels – which addresses the elephant in the room on decarbonising the economy: How we reduce emissions in the liquid fuel space, where electrification is impractical. 

The report says the immense task of decarbonising Australia’s economy will be made even more difficult without the urgent development and deployment of the liquid renewable fuels that the nation’s transport, mining, agriculture and construction sectors require to lower emissions – sectors that contribute close to half of Australia’s energy consumption in liquid fuels.

For these sectors, electrification is not the easy answer. 

The report also warns of a missed economic opportunity that is well and truly being grasped by other nations, with Australia’s bioenergy roadmap claiming that A$10 billion in GDP per annum could be added over the next decade with the development of a mature bioenergy sector, along with 26,200 new jobs.

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Category: Policy

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