A third of Australia’s electricity came from renewable energy sources in 2021 – The Market Herald

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  • Australian carbon markets had a record year in 2021 with almost a third of all electricity generated on average coming from renewable energy sources
  • The results were published today in the Clean Energy Regulator’s December 2021 Carbon Market Quarterly Report (QCMR) and are double what they were in 2017.
  • The improvement was attributed to the fifth year of record-breaking rooftop solar PV installations as well as increased investment in large wind and solar power plants
  • A record number of Australia’s Large Scale Generation Certificates and Carbon Credit Units have been canceled as the wider community voluntarily shows support for renewables and net emissions reductions

Australian carbon markets had a banner year in 2021 with almost a third of all electricity generated on average coming from renewable energy sources.

The results were published today in the Clean Energy Regulator’s December 2021 Carbon Market Quarterly Report (QCMR) and are double what they were in 2017.

The improvement was attributed to the fifth year of record-breaking rooftop solar PV installations as well as increased investment in large wind and solar power plants.

Industry, Energy and Emissions Reduction Minister Angus Taylor said Australia leads the world in rooftop solar absorption.

“Australia now has more solar generation capacity per person than any country in the world, and more wind and solar power than any country outside of Europe,” he said. declared.

“There is an 11-year trend of growth in the share of electricity from renewable sources, which bottomed out in 2008-09 at just 7.5% under Labour.

“Last year saw another record for the Emissions Reduction Fund (ERF), with 17 million Australian Carbon Credit Units (ACCUs) issued, representing 17 million tonnes of carbon emissions stored or avoided. “

A record number of Australia’s large-scale generation certificates and carbon credit units have been canceled as the wider community voluntarily shows support for renewables and net emissions reductions.

According to the Clean Energy Regulator, units and certificates issued in Australian carbon markets reduced emissions by the equivalent of 58 million tonnes in 2021, 9.1% more than in 2020.

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