The Political Economy of Renewable
Energy Generation in Australia
Jemma V. Williams
Fenner School of Environment & Society...
0C
<2
November 2011
Aims to transform Australia’s energy
production, distribution and usage
systems

The carbon pricing scheme

Improving ener...
The Australian Capital
Territory Region (ACR)
Is a quasi-official subregion of the state of
NSW, with Canberra in
the ACT ...
Legacy
Grid

Regulatory
hurdles

Public
Antipathy

Policy control by
incumbents

Political Discord
Barriers to the
adoptio...
Barriers unique to renewable energy policy

Legacy
Grid

Public
Antipathy

Institutional
Dissonance

Regulatory
hurdles

P...
Barriers unique to renewable energy policy

Legacy
Grid

Public
Antipathy

Regulatory regulatory control Policy control by...
Barriers unique to renewable energy policy

Legacy
Grid

Public
Antipathy

Institutional
Dissonance

Media
Misinformation
...
Clive Hamilton
Climate Change Authority

“So the Clean Energy Package … it’s a small first step [but] nowhere near enough ...
Meeting the Cancun Agreement commitment

 International commitment to limit
global warming to 2°C above preindustrial lev...
July 2011


The carbon budget for the 40 years to
2050 is 565Gt CO2



All of the proven reserves owned by
private and p...
At the present rate of consumption, the 2000-2050 carbon budget will be exceeded around

2024
Nick Robins, Head of the Climate Change Centre at
HSBC Bank, London, on the impact in Europe of a
deflating carbon bubble:...
John Hewson
Asset Owners Disclosure
Project (AODP)

“The average pension fund invests about 55 per cent of its portfolio i...
@TheGreenMBA
@jemmavwilliams
slideshare.net/jembwilliams
slideshare.net/jemmavwilliams
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
The Political Economy of Renewable Energy Generation in Australia
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The Political Economy of Renewable Energy Generation in Australia

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Presentation (with Jemma Williams) at the Australia New Zealand Society for Ecological Economics, Australian National University, Canberra, 11-14 November, 2013

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The Political Economy of Renewable Energy Generation in Australia

  1. 1. The Political Economy of Renewable Energy Generation in Australia Jemma V. Williams Fenner School of Environment & Society Australian National University Jeremy B. Williams Asia-Pacific Centre for Sustainable Enterprise Griffith University
  2. 2. 0C <2
  3. 3. November 2011
  4. 4. Aims to transform Australia’s energy production, distribution and usage systems The carbon pricing scheme Improving energy efficiency Creating opportunities in the land sector to cut pollution Promoting innovation and investment in renewable energy
  5. 5. The Australian Capital Territory Region (ACR) Is a quasi-official subregion of the state of NSW, with Canberra in the ACT as a regional capital city
  6. 6. Legacy Grid Regulatory hurdles Public Antipathy Policy control by incumbents Political Discord Barriers to the adoption of renewable energy Institutional Dissonance Technical Hurdles Economic Hurdles
  7. 7. Barriers unique to renewable energy policy Legacy Grid Public Antipathy Institutional Dissonance Regulatory hurdles Policy control by incumbents Political Discord Technical Hurdles Economic Hurdles Barriers not unique to renewable energy policy Barriers addressed by the CEF renewable energy initiatives
  8. 8. Barriers unique to renewable energy policy Legacy Grid Public Antipathy Regulatory regulatory control Policy control by Policy and by the incumbent hurdles incumbents Political Discord Institutional Dissonance Technical Hurdles Media Misinformation Economic Hurdles Barriers not unique to renewable energy policy Barriers addressed by the CEF renewable energy initiatives
  9. 9. Barriers unique to renewable energy policy Legacy Grid Public Antipathy Institutional Dissonance Media Misinformation Barriers not unique to renewable energy policy Policy and regulatory control by incumbents Political Discord
  10. 10. Clive Hamilton Climate Change Authority “So the Clean Energy Package … it’s a small first step [but] nowhere near enough to be an adequate response to what the science demands. … But at least it has initiated the process and has some small but significant impact.”
  11. 11. Meeting the Cancun Agreement commitment  International commitment to limit global warming to 2°C above preindustrial levels Dr. Malte Meinshausen  Meinshausen et al calculated that to reduce the chance of exceeding 2°C warming to 20%, the global carbon budget for 2000-2050 is 886Gt CO2  Deducting emissions from the first decade of this century, leaves a budget of 565Gt CO2 for the 40 years to 2050
  12. 12. July 2011  The carbon budget for the 40 years to 2050 is 565Gt CO2  All of the proven reserves owned by private and public companies and governments are equivalent to 2,795Gt CO2  Only 20% of the total reserves can be burned unabated, leaving up to 80% of assets technically unburnable http://www.carbontracker.org/wpcontent/uploads/downloads/2012/08/UnburnableCarbon-Full1.pdf
  13. 13. At the present rate of consumption, the 2000-2050 carbon budget will be exceeded around 2024
  14. 14. Nick Robins, Head of the Climate Change Centre at HSBC Bank, London, on the impact in Europe of a deflating carbon bubble: Could nearly halve the value of coal assets on the London exchange, and knock three-fifths from the value of oil and gas companies. “At the moment this risk is not being priced at all”
  15. 15. John Hewson Asset Owners Disclosure Project (AODP) “The average pension fund invests about 55 per cent of its portfolio in high-carbon intensive industries and only 2 per cent in their low carbon counterparts. How are they going to manage the risk of catastrophic climate change going forward? The best way is to put a higher percentage of their funds in low carbon-intensive industries.”
  16. 16. @TheGreenMBA @jemmavwilliams slideshare.net/jembwilliams slideshare.net/jemmavwilliams

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