Are Renewables the answer to emissions reductions?
In response to the release of the Climate Commission’s report THE CRITICAL DECADE: Generating a Renewable Australia, Grattan Institute energy program director Tony Wood has stated that they potential for renewable technology to provide cheap low-emission energy is over stated and that other technologies should be investigated.
Dr Wood states that the current success of renewables is largely due to the Renewable Energy Target, feed-in tariffs and other subsidies awarded to renewable generators. He calls for a greater examination of other technologies that could reduce emissions. He suggests the inclusion of Carbon Capture and Storage, the process of capturing carbon that is exhausted from coal-fired generators and injecting it into the earth, which he stated is supported by the International Energy Agency.