<
https://reneweconomy.com.au/ditching-diesel-for-renewables-could-save-pacific-nations-nearly-1-billion-a-year-study-finds/>
"Australia’s Pacific neighbours could save almost $1 billion a year by swapping
fossil fuel imports for renewable energy – and cover the cost of the transition
in just over a decade.
UNSW Sydney released the findings on Tuesday after analysing fossil fuel costs
in 21 Pacific countries, from American Samoa to Vanuatu.
The study comes days before regional leaders gather for the Pacific Islands
Forum in Palau, where they will discuss climate change and renewable energy
ahead of November’s COP31 event.
The report,
Counting The Cost of Fossil Fuels in the Pacific, analysed fuel
imports used to run power plants, generators, boats and vehicles in Pacific
countries.
It found fossil fuels cost each nation between 10 and 25 per cent of their
economic output – significantly more than the regional average spent on
education (eight per cent) and health (six per cent).
Replacing diesel generators in the region would require 2.2 gigawatts of
renewable energy generation and 8800 megawatt hours of storage, the report
found, and would cost $US650 million per year.
However, the investment could deliver savings of $US700 million a year, which
would cover the cost of renewable energy investment in little more than 10
years."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
