{"id":73723,"date":"2023-04-26T11:43:48","date_gmt":"2023-04-26T01:13:48","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=73723"},"modified":"2024-05-23T10:31:11","modified_gmt":"2024-05-23T01:01:11","slug":"net-zero-australia-panic","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/","title":{"rendered":"The Net Zero Australia Report &#038; The $7-9 Trillion Panic"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-74022\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg\" alt=\"\" width=\"1200\" height=\"628\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg 1200w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero-300x157.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero-1024x536.jpg 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero-768x402.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\r\n<p>The Net Zero Australia Report came out on Friday, and I gotta tell ya, it&#8217;s a doozy!\u00a0 It&#8217;s so enormous the report&#8217;s summary report is 95 pages.\u00a0 It would take me a month of Sundays to get through the whole thing, but I have exactly <em>one<\/em> Sunday, so I&#8217;ll quickly say what it&#8217;s about and describe how you&#8217;re likely to see its results abused online and in the media. <!--more--><\/p>\r\n<p>But don&#8217;t worry, I&#8217;ll make sure Ronald, our bearded blogger, gets around to writing an in-depth article later on what it says about the future of Australian solar.<\/p>\r\n<p>Wait a minute&#8230; I am Ronald, the bearded blogger!\u00a0 Goddammit!\u00a0 I just made work for myself!\u00a0<\/p>\r\n<p>The Net Zero Australia report is the result of collaboration between the University of Melbourne, Princeton University, The University of Queensland, Nous Group Consulting, and other strange people.\u00a0 It describes in great detail what Australia needs to do to reach net zero greenhouse gas emissions by 2050.\u00a0 It&#8217;s an extremely interesting report that took an immense amount of work from a wide range of experts and is mostly wrong. \u00a0<\/p>\r\n<p>It&#8217;s just unavoidable that most of these predictions are gonna be off. We&#8217;re looking at a whole bunch of scenarios, and there&#8217;s no way they can all pan out. If one of them happens to be mostly right, well, that&#8217;s just blind luck. I mean, come on! Predicting stuff over 27+ years? That&#8217;s like someone back in 1990 saying, &#8220;Hey, Trump&#8217;s gonna be president &#8217;cause he&#8217;s got this knack for writing 140 characters that really tick off Americans!&#8221;.<\/p>\r\n<div id=\"attachment_73884\" style=\"width: 687px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-73884\" class=\"size-full wp-image-73884\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/zero-tweet.jpg\" alt=\"Trump tweet\" width=\"677\" height=\"358\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/zero-tweet.jpg 677w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/zero-tweet-300x159.jpg 300w\" sizes=\"(max-width: 677px) 100vw, 677px\" \/><p id=\"caption-attachment-73884\" class=\"wp-caption-text\">Trump&#8217;s leadership qualities were shining through as early as 2013. I can&#8217;t believe it took so long for America to make him President.<\/p><\/div>\r\n<p>Or, on a more technical level, it&#8217;s like predicting back in 1996 that today <a href=\"https:\/\/www.solarquotes.com.au\/australia\/\">30% of Australian homes would have rooftop solar<\/a>.\u00a0<\/p>\r\n<p>Even though it&#8217;s unlikely that any of these scenarios will be 100% spot-on, that doesn&#8217;t mean it&#8217;s a waste of time to dig into what Australia needs to do to achieve net-zero emissions in the coming decades\u2014or, fingers crossed, even sooner. This report&#8217;s got it all, covering a whole spectrum of topics, like:<\/p>\r\n<ul>\r\n<li>Expansion of solar and wind generation.<\/li>\r\n<li>Energy storage, including batteries and pumped hydro.<\/li>\r\n<li>Electricity transmission upgrades and expansion.<\/li>\r\n<li>Hydrogen production &#8212; both likely and imaginary.\u00a0 (It&#8217;s a little optimistic on this topic.)<\/li>\r\n<li>Electrification of road transport.<\/li>\r\n<li>Energy efficiency.<\/li>\r\n<li>Reducing industrial emissions.<\/li>\r\n<li>Carbon Capture and sequestration &#8212; including planting forests.<\/li>\r\n<li>Energy exports, eg. hydrogen.<\/li>\r\n<li>Capital costs and employment.<\/li>\r\n<\/ul>\r\n<p>The report also mentions nuclear energy but says it will only be built in Australia if two conditions are met:<\/p>\r\n<ol>\r\n<li>Its cost falls well below their most optimistic estimate.<\/li>\r\n<li>We cut back on building solar and wind-generating capacity.<\/li>\r\n<\/ol>\r\n<p>I can&#8217;t see either of those things happening, let alone both, so I&#8217;m certain it&#8217;s safe to forget about nuclear playing a role in Australia&#8217;s energy future.\u00a0 But if you think I&#8217;m wrong, please feel free to disagree with me &#8212; just not in the comments.\u00a0 Please disagree with me in somebody else&#8217;s comments.\u00a0 Maybe at that really popular site, <a href=\"https:\/\/www.youtube.com\/watch?v=sHfQdQwRc8g\">ReactorQuotes<\/a>.<\/p>\r\n<p>If you want to see for yourself what the report says, here&#8217;s <a href=\"https:\/\/www.netzeroaustralia.net.au\/wp-content\/uploads\/2023\/04\/Net-Zero-Australia-Modelling-Summary-Report.pdf\">a link to the 95 page Modelling Summary Report<\/a>.<\/p>\r\n<p>If you want to read the full report &#8212; don&#8217;t.\u00a0 We may never see you again.<\/p>\r\n<h2>Big Number Abuse<\/h2>\r\n<p>I&#8217;m not going into the report&#8217;s details here, but I will tell you how you&#8217;ll see it abused online and in the media over the next few days &#8212; especially if it&#8217;s a slow news week.\u00a0 One thing already being misrepresented is the capital cost of all the changes necessary for Australia to reach zero net emissions.\u00a0 The estimate from now until the year 2060 is $7 to $9 trillion.\u00a0<\/p>\r\n<p>That&#8217;s a massive amount of money and there are already people whinging about it on the internet. They&#8217;re doing things such as dividing $9 trillion by 26 million Australians to get $350,000 dollars each and saying there&#8217;s no way Australia can afford this. They&#8217;re definitely right that it&#8217;s a huge amount of money, but what these apparently panicking people either don&#8217;t know or are choosing not to tell you, is that we&#8217;re likely to spend more money if we don&#8217;t dramatically reduce greenhouse gas emissions.<\/p>\r\n<p>This is because, even if we don&#8217;t cut emissions, we&#8217;ll still have to spend a similar amount on capital such as new generating capacity, cars, and industrial equipment.\u00a0 Because we&#8217;ll be spending the money anyway, we may as well use it to get low emissions versions.\u00a0 In many cases, it will be cheaper.\u00a0 The <a href=\"https:\/\/www.solarquotes.com.au\/panels\/cost\/\">cost of solar<\/a> and wind generation plus energy storage for firming is now cheaper than building new fossil fuel capacity.\u00a0 So we&#8217;d have to be fools to choose the more expensive and polluting option.\u00a0<\/p>\r\n<p>Now let&#8217;s talk about road transport. Yeah, <a href=\"https:\/\/www.solarquotes.com.au\/electric-vehicles\/\">electric cars<\/a> might not be as budget-friendly as we&#8217;d want them to be right now, but their prices are dropping, and they&#8217;re way cheaper to operate than their gas-guzzling cousins. Here&#8217;s the deal: if we don&#8217;t shift gears and go electric on the roads, we&#8217;re just going to keep shelling out more cash in the long run.\u00a0<\/p>\r\n<p>Reducing emissions from industrial processes, or replacing them altogether, may not result in lower costs, but often does.\u00a0 While there will be costs to reducing emissions from industry, there will also be savings.\u00a0<\/p>\r\n<p>I mean, think about it. We will be dropping trillions on new capital over the next 37 years, so why not put that cash towards the stuff that won&#8217;t wreck our planet? And hey, it could even save us some cash in the long run. That&#8217;s before we even factor in the bonus of dodging all that nasty environmental damage.<\/p>\r\n<p>So when people whinge about the apparent cost of zero net emissions, please remember the following points:<\/p>\r\n<ul>\r\n<li>We would spend as much or more if we don&#8217;t reduce emissions.<\/li>\r\n<li>The estimated $7 to $9 trillion amount will be spent over around 37 years.<\/li>\r\n<li>It includes expenditure by and for perhaps 10 million Australians who don&#8217;t exist at this time.\u00a0 This is because they are either living overseas or haven&#8217;t yet been born.<\/li>\r\n<li>By 2060 &#8212; unless things go terribly wrong &#8212; Australians will be much richer and far more able to afford capital expenditure.<\/li>\r\n<\/ul>\r\n<p>So most of the capital cost will be paid by Australians who are richer than they are now, and a large portion will be paid by Australians who don&#8217;t yet exist.\u00a0 Whether or not we cut emissions, we will still have to spend trillions, but cutting emissions is likely to be cheaper.\u00a0<\/p>\r\n<h2>DON&#8217;T PANIC!!!<\/h2>\r\n<p>Massive reports can be daunting. Hundreds of pages of charts, graphs, and dense text can make cutting emissions appear an impossibly complex task. But it&#8217;s a lot simpler than it appears. We know what we need to do now to dramatically cut emissions over the next few years. Eliminating coal consumption and increasing EV use are two major steps we have clear solutions for.<\/p>\r\n<p>At this moment, we may not know the best way to eliminate emissions from all forms of transport or all industrial processes, but we will find out on the way. We&#8217;ve already started down this path, and there&#8217;s no reason why we can&#8217;t pick up speed. If you panic over all the details, you risk missing the forest for the trees.<\/p>\r\n<p>In fact, we should plant a few goddamn forests to make sure no one misses them.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>The Net Zero Australia Report came out on Friday, and I gotta tell ya, it&#8217;s a doozy!\u00a0 It&#8217;s so enormous the report&#8217;s summary report is 95 pages.\u00a0 It would take me a month of Sundays to get through the whole thing, but I have exactly one Sunday, so I&#8217;ll quickly say what it&#8217;s about and [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":74022,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56],"tags":[],"class_list":["post-73723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Net Zero Australia Report &amp; The $7-9 Trillion Panic<\/title>\n<meta name=\"description\" content=\"Don&#039;t Panic! The colossal Net Zero Australia Report talks about spending trillions to get to net zero - but it&#039;s money we&#039;d spend anyway.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Net Zero Australia Report &amp; The $7-9 Trillion Panic\" \/>\n<meta property=\"og:description\" content=\"Don&#039;t Panic! The colossal Net Zero Australia Report talks about spending trillions to get to net zero - but it&#039;s money we&#039;d spend anyway.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-26T01:13:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T01:01:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronald Brakels\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BrakelsRonald\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/\"},\"author\":{\"name\":\"Ronald Brakels\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/d0ce1779b3f5cb67cb4f146732af2fc7\"},\"headline\":\"The Net Zero Australia Report &#038; The $7-9 Trillion Panic\",\"datePublished\":\"2023-04-26T01:13:48+00:00\",\"dateModified\":\"2024-05-23T01:01:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/\"},\"wordCount\":1303,\"commentCount\":13,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg\",\"articleSection\":[\"Economics Of Solar\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/\",\"name\":\"The Net Zero Australia Report & The $7-9 Trillion Panic\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg\",\"datePublished\":\"2023-04-26T01:13:48+00:00\",\"dateModified\":\"2024-05-23T01:01:11+00:00\",\"description\":\"Don't Panic! The colossal Net Zero Australia Report talks about spending trillions to get to net zero - but it's money we'd spend anyway.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#primaryimage\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg\",\"contentUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg\",\"width\":1200,\"height\":628},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Blog\",\"item\":\"https:\/\/www.solarquotes.com.au\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economics Of Solar\",\"item\":\"https:\/\/www.solarquotes.com.au\/blog\/category\/economics\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"The Net Zero Australia Report &#038; The $7-9 Trillion Panic\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#website\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/\",\"name\":\"SolarQuotes Blog\",\"description\":\"An independent reckoning of the Aussie solar scene\",\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.solarquotes.com.au\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\",\"name\":\"SolarQuotes\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/solarquotes-logo.png\",\"contentUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/solarquotes-logo.png\",\"width\":592,\"height\":600,\"caption\":\"SolarQuotes\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/SolarQuotes\/\",\"https:\/\/x.com\/solar_quotes\",\"https:\/\/www.instagram.com\/solarquotes\/\",\"https:\/\/au.linkedin.com\/company\/solarquotes\",\"https:\/\/www.youtube.com\/user\/SolarQuotesAustralia\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/d0ce1779b3f5cb67cb4f146732af2fc7\",\"name\":\"Ronald Brakels\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/0a252c73a3af84c860d5f55cb59b33133bd5403bb5c1c065d0e8ef95252f3237?s=96&d=monsterid&r=r\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0a252c73a3af84c860d5f55cb59b33133bd5403bb5c1c065d0e8ef95252f3237?s=96&d=monsterid&r=r\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0a252c73a3af84c860d5f55cb59b33133bd5403bb5c1c065d0e8ef95252f3237?s=96&d=monsterid&r=r\",\"caption\":\"Ronald Brakels\"},\"description\":\"Joining SolarQuotes in 2015, Ronald has a knack for reading those tediously long documents put out by solar manufacturers and translating their contents into something consumers might find interesting. Master of heavily researched deep-dive blog posts, his relentless consumer advocacy has ruffled more than a few manufacturer's feathers over the years. Read Ronald's full bio.\",\"sameAs\":[\"https:\/\/x.com\/BrakelsRonald\"],\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/author\/ronald\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Net Zero Australia Report & The $7-9 Trillion Panic","description":"Don't Panic! The colossal Net Zero Australia Report talks about spending trillions to get to net zero - but it's money we'd spend anyway.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/","og_locale":"en_US","og_type":"article","og_title":"The Net Zero Australia Report & The $7-9 Trillion Panic","og_description":"Don't Panic! The colossal Net Zero Australia Report talks about spending trillions to get to net zero - but it's money we'd spend anyway.","og_url":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/","og_site_name":"SolarQuotes Blog","article_publisher":"https:\/\/www.facebook.com\/SolarQuotes\/","article_published_time":"2023-04-26T01:13:48+00:00","article_modified_time":"2024-05-23T01:01:11+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg","type":"image\/jpeg"}],"author":"Ronald Brakels","twitter_card":"summary_large_image","twitter_creator":"@BrakelsRonald","twitter_site":"@solar_quotes","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#article","isPartOf":{"@id":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/"},"author":{"name":"Ronald Brakels","@id":"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/d0ce1779b3f5cb67cb4f146732af2fc7"},"headline":"The Net Zero Australia Report &#038; The $7-9 Trillion Panic","datePublished":"2023-04-26T01:13:48+00:00","dateModified":"2024-05-23T01:01:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/"},"wordCount":1303,"commentCount":13,"publisher":{"@id":"https:\/\/www.solarquotes.com.au\/blog\/#organization"},"image":{"@id":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#primaryimage"},"thumbnailUrl":"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg","articleSection":["Economics Of Solar"],"inLanguage":"en-AU","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/","url":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/","name":"The Net Zero Australia Report & The $7-9 Trillion Panic","isPartOf":{"@id":"https:\/\/www.solarquotes.com.au\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#primaryimage"},"image":{"@id":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#primaryimage"},"thumbnailUrl":"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg","datePublished":"2023-04-26T01:13:48+00:00","dateModified":"2024-05-23T01:01:11+00:00","description":"Don't Panic! The colossal Net Zero Australia Report talks about spending trillions to get to net zero - but it's money we'd spend anyway.","breadcrumb":{"@id":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#primaryimage","url":"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg","contentUrl":"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg","width":1200,"height":628},{"@type":"BreadcrumbList","@id":"https:\/\/www.solarquotes.com.au\/blog\/net-zero-australia-panic\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.solarquotes.com.au\/blog\/"},{"@type":"ListItem","position":2,"name":"Economics Of Solar","item":"https:\/\/www.solarquotes.com.au\/blog\/category\/economics\/"},{"@type":"ListItem","position":3,"name":"The Net Zero Australia Report &#038; The $7-9 Trillion Panic"}]},{"@type":"WebSite","@id":"https:\/\/www.solarquotes.com.au\/blog\/#website","url":"https:\/\/www.solarquotes.com.au\/blog\/","name":"SolarQuotes Blog","description":"An independent reckoning of the Aussie solar scene","publisher":{"@id":"https:\/\/www.solarquotes.com.au\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.solarquotes.com.au\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/www.solarquotes.com.au\/blog\/#organization","name":"SolarQuotes","url":"https:\/\/www.solarquotes.com.au\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/solarquotes-logo.png","contentUrl":"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/solarquotes-logo.png","width":592,"height":600,"caption":"SolarQuotes"},"image":{"@id":"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/SolarQuotes\/","https:\/\/x.com\/solar_quotes","https:\/\/www.instagram.com\/solarquotes\/","https:\/\/au.linkedin.com\/company\/solarquotes","https:\/\/www.youtube.com\/user\/SolarQuotesAustralia"]},{"@type":"Person","@id":"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/d0ce1779b3f5cb67cb4f146732af2fc7","name":"Ronald Brakels","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/secure.gravatar.com\/avatar\/0a252c73a3af84c860d5f55cb59b33133bd5403bb5c1c065d0e8ef95252f3237?s=96&d=monsterid&r=r","url":"https:\/\/secure.gravatar.com\/avatar\/0a252c73a3af84c860d5f55cb59b33133bd5403bb5c1c065d0e8ef95252f3237?s=96&d=monsterid&r=r","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0a252c73a3af84c860d5f55cb59b33133bd5403bb5c1c065d0e8ef95252f3237?s=96&d=monsterid&r=r","caption":"Ronald Brakels"},"description":"Joining SolarQuotes in 2015, Ronald has a knack for reading those tediously long documents put out by solar manufacturers and translating their contents into something consumers might find interesting. Master of heavily researched deep-dive blog posts, his relentless consumer advocacy has ruffled more than a few manufacturer's feathers over the years. Read Ronald's full bio.","sameAs":["https:\/\/x.com\/BrakelsRonald"],"url":"https:\/\/www.solarquotes.com.au\/blog\/author\/ronald\/"}]}},"jetpack_featured_media_url":"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/panic-net-zero.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2FF2s-jb5","jetpack-related-posts":[{"id":74673,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-panel-recycling-problems\/","url_meta":{"origin":73723,"position":0},"title":"The Problem With Solar Panel Recycling In Australia","author":"Kim Wainwright","date":"June 8, 2023","format":false,"excerpt":"Australia's solar panel recycling problem is huge. With no clear rules from government bodies, we're left with a big mess and many questions. This two-part series will dig into this issue to clarify the confusion and find some answers. In this post, I'll measure the size of the problem, bust\u2026","rel":"","context":"In &quot;Solar Panels&quot;","block_context":{"text":"Solar Panels","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-panels-2\/"},"img":{"alt_text":"Cleaning up the solar panel recycling mess","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/05\/cleaning-up-solar-panel-mess.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/05\/cleaning-up-solar-panel-mess.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/05\/cleaning-up-solar-panel-mess.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/05\/cleaning-up-solar-panel-mess.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/05\/cleaning-up-solar-panel-mess.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":50254,"url":"https:\/\/www.solarquotes.com.au\/blog\/abc-solar-report-mb1990\/","url_meta":{"origin":73723,"position":1},"title":"About That Recent ABC 7.30 Report Story On Home Solar","author":"Michael Bloch","date":"May 11, 2021","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=1WKetP5I0Lg SolarQuotes founder Finn Peacock and blogger-extraordinaire Ronald Brakels scrutinise a recent ABC 7.30 Report segment on home solar power. The segment, Power Play, went to air on April 27. It kicked off with the case of a Victorian household that recently installed solar panels and isn't receiving any financial\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"ABC 7.30 report on home solar - analysis","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/abc-solar-report.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/abc-solar-report.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/abc-solar-report.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/abc-solar-report.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/abc-solar-report.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":14617,"url":"https:\/\/www.solarquotes.com.au\/blog\/australian-states-renewable-energy-mb0188\/","url_meta":{"origin":73723,"position":2},"title":"Australian States Lighting The Way On Renewable Energy","author":"Michael Bloch","date":"August 31, 2017","format":false,"excerpt":"Australia's states and territories are lifters and the Federal Government continues to be a leaner on renewable energy and emissions reduction. A new report from the Climate Council states all Australian states and territories (except WA) now have strong renewable energy targets and\/or net zero emissions targets in place. In\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewables Ready : States Leading The Charge","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/08\/renewable-energy-australian-states.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/08\/renewable-energy-australian-states.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/08\/renewable-energy-australian-states.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/08\/renewable-energy-australian-states.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":16947,"url":"https:\/\/www.solarquotes.com.au\/blog\/battery-safety-australia-mb0313\/","url_meta":{"origin":73723,"position":3},"title":"Energy Storage Safety A Major Concern For Australians","author":"Michael Bloch","date":"November 20, 2017","format":false,"excerpt":"A report published today states Australia has the potential to lead the world in large-scale and home energy storage systems if public uncertainty can be addressed. While the idea of installing a battery system is very appealing to many Australians with solar panels, it seems there's some reluctance to do\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Battery system safety concerns in Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/battery-storage-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/battery-storage-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/battery-storage-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/battery-storage-australia.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":26361,"url":"https:\/\/www.solarquotes.com.au\/blog\/sa-coal-renewables-electricity-mb0853\/","url_meta":{"origin":73723,"position":4},"title":"SA Electricity Prices: Post-Coal Post-Mortem","author":"Michael Bloch","date":"December 6, 2018","format":false,"excerpt":"A report just released by the Victoria Energy Policy Center (VEPC) confirms renewable electricity generation has brought wholesale electricity prices down - and is likely to continue to do so. While painting an international picture, a focus in the report is a case study of the situation in South Australia.\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Wind an solar power - SA wholesale electricity prices","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/coal-solar-wind-sa.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/coal-solar-wind-sa.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/coal-solar-wind-sa.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/coal-solar-wind-sa.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":15826,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-nsw-electricity-prices-mb0250\/","url_meta":{"origin":73723,"position":5},"title":"Small Scale Solar Power Benefiting All In New South Wales","author":"Michael Bloch","date":"October 16, 2017","format":false,"excerpt":"The hundreds of thousands of solar power systems installed across New South Wales are benefiting all electricity consumers - collectively to the tune of billions of dollars. A new report prepared by Energy Synapse on behalf of Solar Citizens gauges the impact of small scale solar (<100kW capacity) on the\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"NSW Electricity Market - solar savings","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/solar-electricity-savings.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/solar-electricity-savings.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/solar-electricity-savings.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/solar-electricity-savings.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/73723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=73723"}],"version-history":[{"count":57,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/73723\/revisions"}],"predecessor-version":[{"id":83845,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/73723\/revisions\/83845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/74022"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=73723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=73723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=73723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}