News

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.

Download research summary – Scenario and broad-scale modelling

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.