Energy Insiders - a RenewEconomy Podcast
Chris Bowen explains the green energy plan
Apr 26, 2024
Energy Minister Chris Bowen discusses the capacity investment scheme, Eraring closure, social licence, planning approvals, and long duration storage. The podcast explores the importance of renewable energy investments in Australia and the challenges in communicating climate change urgency. It also delves into setting ambitious emissions targets and the impact of renewable energy on power prices.
54:00
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Quick takeaways
- Federal Capacity Investment Scheme drives 82% renewable energy target with state collaborations.
- Renewable Energy Transformation Agreements enhance planning coordination for state-specific renewable energy progress.
Deep dives
Significance of the Federal Capacity Investment Scheme
The Federal Capacity Investment Scheme (CIS) aims to drive Australia towards 82% renewable energy. It has facilitated significant auctions with South Australia, Victoria, and New South Wales. Special allocations in New South Wales and South Australia reflect coordinated efforts with states to manage risks and strengthen investor confidence in the renewable energy sector.
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