The global energy transition and what it means for refrigeration and cooling in Australia
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Industry and government experts will discuss Australian, New Zealand's and global policy and regulatory issues and the impact of the cooling sector on climate change. Key topics discussed will include the Kigali Amendment, the transition to zero net emissions systems, sustainability and renewables in integrated solutions.
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The global energy transition and what it means for refrigeration and cooling in Australia
- 2. The global energy transition & what it means for the refrigeration & cooling sector in Australia. Scott Hamilton Principal, H4CO Panel Member, Australian – German Energy Transition Hub
- 4. Global trends in renewable energy By 2050: ● 50% wind and solar energy ● 71% clean energy (hydro + other clean energy tech) ● $9.9 trillion investment in new clean energy generation (2018-50) ● Coal declines to 11% of global generation – from 38% in 2018 Source: Bloomberg New Energy Outlook 2018 Source: IEA World Energy Outlook 2018
- 5. Current trends in Australia ❖ 2020 RE Target will be met ❖ Increased decentralised generation ❖ Towards electrifying industry ❖ Australia as an energy exporting powerhouse? - Sanjeev Gupta: repower manufacturing ($1.3B RE build, Whyalla, SA) - Asian Renewable Energy Hub (11GW, Pilbara, WA) - Walcha Energy Project(4GW Wind, Solar + Storage, NSW) ❖ Rise of the consumer: data; new models and innovative tech
- 6. Transition is underway… It makes economic sense: ● Corporates are taking up RE ● Need to replace coal-fired & greenhouse gas sources States are leading the way: ● Legislated targets ● Auction schemes ● Climate programs Rise of people power:
- 7. What it means for refrigeration & cooling sector? • Increases in emissions from industrial processes over past decade due to replacement of ozone substances with HFC’s • HFC’s responsible for about one third emissions from Industrial processes: ~13 MtCO2-e pa • Under Kigali, Rwanda Agreement 2016, Australia will reduce HFC’s by 85% (2036) • Limited opportunities to reduce other industrial emissions Australia’s GHG in 2030 under current policies Source: Climate Council 2018, adapted from Australian Government emissions projections 2017
- 8. Beyond Kigali Agreement 2016… • Focus has been on Energy; Other sectors catching-up • Increasing focus on other sectors including refrigeration & cooling • Kigali Agreement is good start More needs to be done: • Does not cover pre-charged equipment • Air-conditioners • Refrigerators • Fire extinguishers • Compliance and Enforcement • Efficiency & Programs for natural refrigerants