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Malcolm Turnbull

Climate love

Australia targets 32 GW of renewables with investment scheme

The Australian federal government plans to revamp the Capacity Investment Scheme (CIS) to accelerate the development of renewable power generation and storage. The goal is to increase the share of renewables in the national energy mix to 82% by 2030. The CIS will now aim for 9 GW of storage capacity and 23 GW of variable renewable generation, totaling 32 GW nationally. The scheme involves underwriting investments in renewable projects through competitive tenders, providing revenue certainty for investors. Auctions will be held every six months until 2027, starting in April 2024.
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https://www.pv-magazine.com/2023/11/23/australia-targets-32-gw-of-renewables-with-investment-scheme/



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  • winnie nguru

    20 w

    Very encouraging.. This is achievable

    2
    • George Kariuki

      20 w

      Australia's decision to expand the CIS is a positive development that will contribute to achieving the country's renewable energy targets and mitigating climate change.

      2
      • We Don't Have Time

        20 w

        Dear walter lungayi Your climate love has received over 50 agrees! We have reached out to Australian Government by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

        2
        • Peter Kamau

          20 w

          This is a great revamp of the renewable energy sector in Australia and we can only hope it follows through to the end

          2
          • mercy nduta

            20 w

            Renewable energy is the best option to achieve a net zero emission goal.

            3
            • Munene Mugambi

              20 w

              Such a huge addition to the Australian grid in terms of renewable energy and it'd certainly do the country a world of good

              8
              • Edwin wangombe

                20 w

                the revamped CIS reflects a commitment to a cleaner, more sustainable energy future for Australia. It aligns with global efforts to mitigate climate change, encourages technological advancements in renewable energy, and positions Australia as a leader in the transition to a low-carbon economy. The success of this initiative will not only contribute to environmental sustainability but also stimulate economic growth through the development of a robust and dynamic renewable energy sector.

                7
                • Jane Wangui

                  20 w

                  @edwin_wangombe Australia is indeed trying to be at the forefront of this fight and they are succeeding.

                  7
                • Princess

                  20 w

                  This is a promising move.

                  8
                  • Edwin wangombe

                    20 w

                    @princess_nel_268 it is and we expect to see more of such investments

                    7
                  • CHRIS NGATIA

                    20 w

                    This is a great plan .. It needs to happen as soon as possible

                    8
                    • Edwin wangombe

                      20 w

                      @chris_ngatia This will boost the transition to clean energy

                      6
                    • Joseph Githinji

                      20 w

                      This is a great plan , hope they can make it happen as fast as possible. We have been focusing on 2030 dream and seemed too far, but now its only a few years.

                      9
                      • Edwin wangombe

                        20 w

                        @joseph_githinji I agree we thought that 2030 was far but now reality is kicking in ... its time more effort be employed

                        6
                      • johnte ndeto

                        20 w

                        This is encouraging renewable energy all the way

                        17
                        • Edwin wangombe

                          20 w

                          @johnte_ndeto yes we should keep on encouraging the transition to renewable energy

                          7
                        • zelda ninga

                          20 w

                          we don't have time up to 2030 they should hurry things up but it's a good decision toward clean energy

                          8
                          • Joseph Githinji

                            20 w

                            @zelda_ninga_442 i agree, the plans must be fastened for better results in the roadmap to a sustainable future.

                            7
                            • Jane Wangui

                              20 w

                              @zelda_ninga_442 I agree it is a good plan but 2030 is far away.It should be ASAP.

                              6
                              • Edwin wangombe

                                20 w

                                @zelda_ninga_442 we definitely don't have time ...

                                6
                              • Joey Mendoza

                                20 w

                                My child was kidnapped and when I traced the whole situation I figured out that it was my husband ex that kidnapped my son just because of a failed relationship between both of them but yet my husband kept sleeping with his ex and now she wants more from him by asking him to throw me out so she could come in. I read all there conversations with the help of russiancyberhackers@gmail.com without physical access to my husband phone and that was how I knew that my man still sleeps with his ex.

                                3
                                • Richard S

                                  20 w

                                  🔥.🇦🇺⚠️⛔⚠️⛔⚠️⛔⚠️🇦🇺🔥 #Greenwash #Crap .🧐👇 https://amp.theguardian.com/environment/2023/sep/02/coalmine-approvals-in-australia-this-year-could-add-150m-tonnes-of-co2-to-atmosphere

                                  10
                                  • walter lungayi

                                    20 w

                                    @richard_s They should put their words to practice because it has become a song. hope they are going to do so. waiting to see this being implemented

                                    13
                                    • Gorffly mokua

                                      20 w

                                      @richard_s Absolutely right!

                                      1
                                    • walter lungayi

                                      20 w

                                      Australia's revamped Capacity Investment Scheme (CIS) demonstrates the government's commitment to accelerating the development of renewable power generation and storage. The CIS will provide revenue certainty for renewable investors through competitive tenders and underwriting new investments in renewable projects.

                                      8
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