By Adam Morton
AUSTRALIA could move to 100 per cent renewable energy within a decade if it spent heavily on cutting-edge solar thermal and wind technology, according to an analysis released as part of a community bid to redirect the flailing climate policy debate.
The shift would require the annual investment of up to $40 billion - roughly 3.5 per cent of national GDP - with the largest chunk going towards solar thermal power plants that used molten-salt heat storage to allow power generation to continue without sunlight.
The plan by advocacy group Beyond Zero Emissions was outlined at the launch of the Transition Decade, or T10, a grassroots campaign hoping to garner support for dramatic cuts in greenhouse gas emissions. Pitched as a response to the failure to introduce national and state policies to substantially reduce emissions, T10 won support yesterday from the City of Melbourne, the Australian Greens and Victorian Governor David de Kretser.