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What are the growth implications of the Energy [R]evolution scenario?

April 26, 2017energy growth implications scenario

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What are the growth implications of the Energy [R]evolution scenario?

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It is an important to note that the Energy [R]evolution scenario for Australia maintains the same GDP growth as a business-as-usual case. Transitioning to a renewable energy-based economy should only change the economy for the better, as we are opening up new opportunities for industry and innovation. The reference case (or business as usual scenario) uses the most recent Australian Bureau of Agriculture and Resource Economics (ABARE) statistics and energy price projections from the International Energy Agency (IEA). We also use figures from the German Space agency to determine resource potential and cost development of renewable energy technologies.