Transitioning our low carbon economy vision into a sustainable reality
Australia is the greatest generator of carbon pollution of all developed nations1; our greenhouse gas emissions have been causing temperature increases every year since 19402; our energy use continues to climb at around 2% per year3; and our peak energy demand is growing at about 50% more than base demand growth4.
Without changes to the way we think about, make, use and deliver energy, we are facing the reality of unaffordable energy costs, continued degradation to our environment, temperature increases, an overall diminishing of the quality of our lifestyles and an unsustainable future for our children. It is time critical for our nation to transition our vision of a low carbon economy into a reality - and the energy industry needs to lead the way.
We need a radical transformation to transition to a sustainable low carbon economy, and as complex as it may be, we are committed to making it happen:
- We have pledged to cut our greenhouse gas emissions by 5% compared with 2000 levels by 20205.
- We have committed to a long-term target to cut pollution by 80% below 2000 levels by 20506.
- Our government is introducing both penalties and incentives to compel industries, businesses and consumers to change their thoughts and behaviours so we can reach our low carbon economy obligations.
Australia’s Clean Energy Future plan has ambitious goals. But how will we achieve them?
A sustainable low carbon economy will be the result of our government, the AEMO, energy distributors, energy retailers, businesses and consumers working collectively to implement a variety of elements that will, in only a few years time, completely transform our energy system:
- development of smarter, energy efficient technologies
- introduction of new regulations and education to encourage behavioural change
- cultivation of innovative and useful partnerships and working relationships
- redesign of energy-intensive products to make them more efficient
- implementation of smarter technologies to smooth out the demand curve
- introduction of smart meters into residential buildings
- load control of domestic appliances like air conditioners, hot water systems and pool pumps
- increased use of local on-site energy generation
- reduction and shifting of energy loads of heavy business users
- leverage use of existing assets instead of continuing to build new ones
- combining of localised and nationalised energy systems
- shifting of heavy energy demand from peak times to off-peak times
- application of incentives for investment property owners
Smart Grid virtual power stations are an integral element of a sustainable low carbon economy
Smart Grid virtual power stations, like Velocity Energy’s, change the way we think about, create, deliver and consume energy. Innovatively and resourcefully, they:
- reduce the need to spend millions of dollars on infrastructure which increases pollution and will only be used 1%7 of the time
- offer an innovative way for businesses to gain a new source of income from existing assets
- localise peak energy supply, diminishing power losses and increasing efficiency
- can combine bio fuels with more environmentally friendly fossil fuels
- can support renewable energy sources with the ability to rapidly power up and down to flexibly respond to environmentally influenced capacity
Velocity Energy’s Smart Grid virtual power stations are helping Australia transition our low carbon economy vision into a sustainable reality. You – and your customers - can be part of the low carbon economy, too.