Latest modelling research shows jobs growth on the way to net-zero
October 14, 2021
Future Fuels CRC’s latest broad-scale modelling has found:
- Economic and job growth in all regions of Australia on the way to net zero,
- Australia would need to invest in direct CO2 extraction and
- Current policy settings limit hydrogen development.
Developed for Future Fuels CRC, this project aimed to demonstrate the capacity of a regionalised Computable General Equilibrium (CGE) model to inform the potential for the future role of hydrogen in greenhouse gas emission-reduction strategies. The report provides an overview of initial findings and the capacity of this modelling system.
The four scenarios examined in this research are:
60E – A 60 per cent emission reduction on 2005 levels with more widespread use of
electricity as a final fuel (“60 per cent with electrification”) but no significant role for hydrogen;
60H – A 60 per cent emission reduction on 2005 levels with the widespread use of
electricity and the emergence of hydrogen—both green and blue—as a substantial part of the
final energy mix;
100E – A 100 per cent emission reduction on 2005 levels that relies almost entirely on
electrification to reduce energy emissions and little use of hydrogen;
100H – A 100 per cent emission reduction on 2005 levels with more widespread use of
electricity and the emergence of hydrogen as a substantial part of the final energy mix.