Www.arena.gov.au Bioenergy and the renewable energy agenda Bioenergy Australia 2012 conference 26 November 2012.

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Presentation transcript:

Bioenergy and the renewable energy agenda Bioenergy Australia 2012 conference 26 November 2012

1. Renewable Energy – A Global Growth Industry 2.

Global Investment in Renewables Annual Renewable Energy Investment Source: Bloomberg New Finance (2011) $ billions 3. This diagram shows the annual renewable energy investment by technology from 2005 to The overall trend is an increase in investment in renewable energy. Source: Bloomberg New Finance (2011)

World Bioenergy Use in IEA New Policies Scenario 4. These two pie charts show the percentage of world bioenergy use in 2010 and Source: World Energy Outlook 2012.

2. The Australian Renewable Energy Landscape 5.

Bioenergy in Australia’s 2050 electricity mix 6. This chart shows the percentage usage of traditional non-renewable and renewable energy in Australia in 2012, 2020, 2035 and Source: BREE (2012d)

Bioenergy in Australia’s 2050 fuel mix 7. This chart shows the transport fuel mix to 2050 by fuel type. Source: CSIRO (2011C: Scenario 2) Energy White Paper 2012.

LCOEs for renewable energy technologies Levelised Energy Costs in 2012 and $/MWhr This chart shows a comparison of levelised energy costs by technology in 2012 and Source: BREE, Australian Energy Technologies Assessment 2012.

Location of Renewable Energy Capacity Source: BREE (2012) Energy in Australia Source: BREE (2012) Energy in Australia 2012 This map shows the location of Renewable Energy by technology across Australia. Source: BREE (2012) Energy in Australia 2012.

3. ARENA’s Role 10.

ARENA - objectives ARENA’s role Increasing the Supply of Renewable Energy Improving the Competitiveness of Renewable Energy Technologies $3.2 billion in funding 11.

General Funding Strategy and Investment Plan 12.

General Funding Strategy GENERAL PRINCIPLES ALONG THE WHOLE INNOVATION CHAIN INVESTMENT PLAN RESEARCH (basic and applied) DEVELOPMENT DEMONSTRATION COMMERCIALISATION COMPLEMENTARITY CONFIDENCE BUILDING DIVERSITY STRATEGIC INITIATIVES SUPPORTING INITIATIVES COMPLEMENTARY INITIATIVES 13.

Investment Plan STRATEGIC INITIATIVES are larger in scope and scale and typically fund market- oriented, near commercial, demand pull projects SUPPORTING INITIATIVES more limited in scope and address specific roadblocks to the success of a strategic initiative COMPLEMENTARY INITIATIVES provide ARENA with the flexibility to do those things necessary to fulfil all of its functions Regional Australia’s Renewables (Consultation underway) Deploying utility scale renewable energy Removing roadblocks for regional and remote renewable energy Building Australia’s next generation solar Supporting High value Australian Renewable Energy knowledge (SHARE) Continuing programs such as ERP and REVCF 14.

4. Support for bioenergy 15.

Support for bioenergy Approximately $15 million for range of bioenergy research, development and deployment projects Emerging Renewables Program and Southern Cross Renewable Energy Fund are open for business 16.

5. Summary 17.

Summary  ARENA is a key part to unlocking commercial financing  Range of different grant structures  Flexible, responsive and open for business  We’re interested in your views  18.