No single solution will solve the global energy puzzle
Issues like changing demand, greenhouse gas abatement policy, resource price uncertainty, emerging technologies and social acceptability create a complex strategic arena with multiple drivers. Consequently, delivering energy solutions for a sustainable future is a huge challenge.
Creating economic models
We have created world leading economic models specific to the Australian energy and transport sector to assist industry and governments gain a clearer picture of what it needs to do to address the energy and transport challenges of the nation.
Our Energy Sector Model (ESM) integrates the electricity generation sector with the transport sector in a single modelling package that can be used to explore major technological and market changes in the way Australia produces and uses energy.
We also have developed the Global and Local Learning Model (GALLM) for electricity generation and transport to provide information on the future cost and uptake of alternative electricity generation and transport technologies globally and locally to 2050.
Most emerging technologies are developed and sold on global markets yet are subject to variable local application costs. As the name suggests, GALLM takes into account both global and local technological change (referred to as learning).
The capital costs projections from GALLM are fed directly into the ESM to determine projections of Australia's future energy mix . Together, these powerful modelling tools are creating future scenarios focusing on electricity generation and transport to highlight how energy decisions may impact our society, the environment and the economy.