A report by the NSW Productivity and Equality Commission shows the state is not on track to meets its 2050 net zero target or interim reduction goals.
NSW is set to miss all its emission reduction targets for 2030, 2035 and 2050 due to a rise in energy demand and the need to introduce policy reforms in energy pricing, planning and construction to get back on track.
The slower-than-expected switch from gas to electricity will also push up NSW emissions, the analysis says, as will increased industrial output. The report says that if NSW is to reach its targets, the government needs to focus on electrifying the state’s energy system as its four remaining coal-fired power stations close by 2040.
“While rolling out smart meters is the responsibility of energy retailers, I support governments looking at the costs and benefits of policies that could accelerate their uptake in cost-effective ways.”“Clearly, time is of the essence here, and if we can speed up all stages of the process, and the planning is a big one that benefits everybody.”
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