Australia’s commitment to achieving net zero carbon emissions by 2050 is prompting a boom in renewable energy projects around the country.
It is having flow-on effects in terms of construction and development across regional Australia as well as supporting property prices in rural areas, prompting those in the industry to point to its growing importance to rural communities.
Fifty per cent of Australia’s main electricity grid is expected to come from renewable sources by 2025, with this figure reaching 65 per cent by 2030. It’s estimated an average of $2.1 trillion a year will need to be invested between 2022 and 2025 to reach net zero emissions by 2050.
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