◦The Paris Agreement limits global average temperature rise to 2 C and commits to pursuing efforts
in limiting warming to 1.5 ◦ C above pre-industrial levels. This will require rapid reductions in the
emissions of greenhouse gases and the eventual decarbonisation of the global economy. Wind energy
is an established technology to help achieve emissions reductions, with a cumulative global installed
capacity of ∼486 GW (2016). Focusing on Australia, we assess the future economic viability of wind
energy using a 12-member ensemble of high-resolution regional climate simulations forced by
Coupled Model Intercomparison Project (CMIP) output. We examine both near future (around
2030) and far future (around 2070) changes. Extractable wind power changes vary across the
continent, though the most spatially coherent change is a small but significant decrease across
southern regions. The cost of future wind energy generation, measured via the Levelised Cost of
Energy (LCOE), increases negligibly in the future in regions with significant existing installed
capacity. Technological developments in wind energy generation more than compensate for projected
small reductions in wind, decreasing the LCOE by around 30%. These developments ensure viability
for existing wind farms, and enhance the economic viability of proposed wind farms in Western
Australian and Tasmania. Wind energy is therefore a resilient source of electricity over most of
Australia and technological innovation entering the market will open new regions for energy
production in the future.
Key Figure
Figure 3. The current (top panel) and future (bottom) levelized cost of energy (LCOE) for the present day (1990–2009) and near future
(2020–2039). The red lines represent current transmission line. Blue star points represent the existing and purple circles represent
proposed wind farms. These maps were created using Python 2.7.13 (www.python.org/downloads/release/python-2713/).
This page is maintained by Jason Evans |
Last updated 23 January 2018