Tuesday, 4 September 2012

Growing demand for Renewable energy

27 Aug 2012

THE new 2012 Australian Energy Update report shows strong growth in the use of renewable energy, according to the Bureau of Resources and Energy Economics (BREE). "Renewable energy (excluding biomass) recorded the strongest consumption growth in 2010 11 at 21%, followed by natural gas and oil consumption which both increased by 7%" said BREE Executive Director and Chief Economist Professor Quentin Grafton.

"The strongest final energy consumption growth was observed in the mining and transport sectors. "Total energy consumption, including transformation activity, increased by 3% in 2010 11 to 6100 petajoules, supported by stronger economic growth". Total final energy consumption in Australia grew by 2% to 3839 petajoules in 2010 11. Total electricity generation remained, more or less unchanged at about 253 000 GWs in 2010 11 with declines in coal-fired generation offset by increased generation from natural gas and renewable energy sources (including solar, wind and hydroelectric).

"A 3% fall in energy production in 2010-11 to 16,640 petajoules, reflected lower production of coal, crude oil and uranium oxide primarily due to weather-related events" according to Professor Grafton. "Energy statistics and their analysis are critical to industry, government and the community to make better decisions about our energy future,
2012 Australian Energy Update