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Modelling of renewable energy economy in Australia

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journal contribution
posted on 06.12.2017, 00:00 by Md Abul Kalam Azad, Mohammad Rasul, Mohammad Khan, A Omri, Muhammad Bhuiya, Md Hazrat Ali
The Australian economy is dependent on energy use now and in the future because Australia is endowed with abundant, high quality and diverse energy resources, including both renewable and non-renewable resources. The major energy utilization sectors are electricity generation, transport sector and manufacturing which accounts in combination for more than 75% of Australia’s total energy consumption. In this article, the time-series energy model for economic growth is reviewed and discussed first, and then an energy economic model is proposed in which decomposing the energy consumption in renewable and non-renewable energy and focuses on resilient strategic investment decisions on the electricity generation and transport sector. The proposed economic model will take asignificant role in the long-run reduction of CO2 and economic growth in Australia.

Funding

Category 1 - Australian Competitive Grants (this includes ARC, NHMRC)

History

Volume

61

Start Page

1902

End Page

1906

Number of Pages

5

eISSN

1876-6102

Location

Netherlansds

Publisher

Elsevier

Language

en-aus

Peer Reviewed

Yes

Open Access

Yes

External Author Affiliations

School of Engineering and Technology (2013- ); TBA Research Institute; University of Sfax, Tunisia;

Era Eligible

Yes

Journal

Energy procedia.

Exports