Australian Renewable Energy Policy: Barriers and Challenges

Liam Byrnes, Colin Brown (), John Foster () and Liam Wagner
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Colin Brown: School of Agriculture and Food Sciences

No 2-2013, Energy Economics and Management Group Working Papers from School of Economics, University of Queensland, Australia

Abstract: Australia’s renewable energy policy has taken significant steps towards encouraging the deployment of lower carbon emissions energy generation. Effective policy and regulatory frameworks are paramount to incentivising the deployment of renewable energy to achieve long term reductions in carbon emissions. However significant policy barriers still exist at the federal and state levels, which have reduced the effectiveness of a concerted national effort to deploy renewables. The current policy landscape has largely favoured mature technologies which present the lowest investment risk at the expense of emerging options which may present greater efficiency and emissions reduction gains. The lack of support for emerging technologies delays their effective deployment and the accumulation of highly skilled human capital, until the medium to long term. This paper outlines the key policy frameworks, incentives and regulatory environment which encompasses the renewable energy sector, and presents a critical analysis of the barriers faced by the industry.

Keywords: Australia; Renewable Energy; Energy Policy (search for similar items in EconPapers)
JEL-codes: Q28 Q42 Q50 (search for similar items in EconPapers)
Date: 2013-03
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
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Citations: View citations in EconPapers (98)

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