The landmark Paris agreement and the new mandate of the Clean Energy Finance Corporation will turbo charge the transition to renewable energy and solar and make clean energy an integral part of the Australian economy.
This new global deal will fuel demand for solar over the coming decade. It sends a clear, long-term signal to business and investors that our future economies will be powered by renewables and solar.
What makes Paris significant is the unprecedented global momentum shown for a move towards renewable energy. This includes scores of the world’s largest brands and cities across the world committing to 100 per cent renewable energy for all their power needs.
Australia needs urgent action to unwind the damage done during the Abbott years and give investors the certainty needed for backing solar, from families installing rooftop systems and batteries to large-scale solar.
We have more than 1.4 million homes powered by the sun and already enjoying the cost savings of generating their own clean energy. Solar is also the preferred energy source of more than 80 per cent of Australians, according to 2015 research by The Climate Institute.
Right now, we can harness Australia’s bountiful clean energy resources to power our country, create jobs, generate investment and ensure a safe, clean future for our children and grandchildren.
It’s up to Prime Minister Turnbull and his government to prepare for the change ahead and fast-track the energy transition.
Claire O’Rourke, National Director, Solar Citizens