Australian Energy Resource Assessment

Geoscience Australia and Bureau of Resources and Energy Economics have released an update of the Australian Energy Resource Assessment.

The updated assessment provides a snapshot of the nation’s current energy resources – ranging from fossil fuels and uranium through to renewables, and identifies the key factors that are likely to influence their future use.

Key points

This assessment was undertaken by Geoscience Australia (GA) and the Australian Bureau for Agriculture and Resource Economics (ABARE).

For the first time it brings together a comprehensive understanding of our rich energy resource endowment, integrating geoscience and long term economic energy outlooks with common terms and definitions.

The assessment examines identified and potential energy resources and considers the factors likely to influence Australia's energy future in a low-carbon economy to 2030.

The assessment:

  • shows Australia has an abundance of energy resources accounting for 2.4 per cent of the world's proven resources
  • demonstrates the rich diversity of both non-renewable (coal, uranium and increasingly gas) and renewable energy resources (wind, geothermal, solar and bioenergy)
  • reviews and assesses the factors likely to influence the use of Australia's energy resources to 2030 including the need for technologies to develop and extract energy more efficiently and cleanly from existing and new energy sources, particularly renewable energy
  • confirms Australia's future energy use will require continued use of fossil fuels (coal, oil and increasingly gas) and renewable energy sources, notably wind, is expected to become increasingly significant.

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