Bioenergy Australia on Tuesday released the Bioenergy State of the Nation Report (produced in collaboration with KPMG). The first state-of-the-nation assessment of the sector identifies Australia’s significant bioenergy opportunity and provides a criteria for kick-starting Australia’s bioenergy economy. The opportunity for Australia is significant and multi-faceted, offering an AU$3.5-$5 billion investment opportunity, mostly in regional economies, which the Australian government is being urged to address.
Bioenergy Australia CEO Shahana McKenzie, said, “The report reviews the policies of states and territories in order to share learning and facilitate policy transfer across Australia, with much to be gained through adoption of ‘best practice’ approaches throughout Australia. For example, Queensland has adopted a number of successful policies which can be adapted and deployed to drive bioenergy uptake across the country.”
Shadow Minister for Climate and Energy, the Hon Mark Butler MP gave a speech at the report launch noting that lack of vision, policy and commitment has stifled the sector. Mr Butler said, “There are huge opportunities for Australia to embrace bioenergy. I welcome this important report from KPMG and look forward to working with Bioenergy Australia in this exciting transition.”
Ms McKenzie explained that what differentiates Queensland as the clear leader is they have identified bioenergy as a huge opportunity for their state and have developed a vision to capitalise on it. In addition, their policy objectives are better defined and more aligned to the bioenergy sector compared to other states and territories, with strong evidence of advocacy of the benefits and opportunities from bioenergy.
While the Federal Government has implemented mechanisms to reduce carbon emissions, such as the Renewable Energy Target and Emissions Reduction Fund, a national vision, policy objectives and/or policy levers would unlock Australia’s bio economy. This report indicates from a local and global level these factors are critical to the development of a bio-economy, with the potential to positively impact big issues for Australia such as emissions, utilisation of waste streams and regional growth.
“Queensland is driving the bioenergy agenda on a number of fronts, and should be commended for the incredible work happening across the state. They have a government who recognises bioenergy as a priority industry, actively rolling out new projects through the delivery of the Biofutures Roadmap and Biofutures Program” said Ms McKenzie.
Around The World: The report found Australia in the bottom quartile for bioenergy contribution globally, lagging behind other Organisation for Economic Co-operation and Development (OECD) countries placing 19 out of 24 reviewed. More >>.
For more information, visit the Bioenergy Australia website here.
Source: Bioenergy Australia