The estimated annual price of power for the Australian agricultural sector is roughly $5.85 billion, however that is set to soar as electrical energy costs double by 2024, based on a latest federal authorities forecast.
Over the following two years main producers will likely be compelled to make vital modifications to their power consumption practices to stay worthwhile and attainable for shoppers. The flexibility of agricultural companies to remain globally aggressive may even be closely depending on the proportionate price of power.
On-farm renewable power techniques are being touted as a big answer for farmers from a long-term cost-saving perspective, however they may even play a seismic function in our nationwide transition in the direction of web zero carbon emissions by 2050.
Since 2000, power consumption from renewable sources in Australia has elevated from 270 billion joules to 420 billion joules, consumption is comparatively low (at 7%) within the context of Australia’s complete power consumption (6,000 billion or 6 trillion joules).
Up till now there have been only a few sources developed to establish appropriate various power options for a broad vary of agri-businesses, and their return on funding.
Eight steps to an alternate future
AgriFutures Australia has lately printed a sequence of quick reviews particularly for main producers, outlining the methodology of eight ready-for-market renewable power options with a step-by-step information on the way to start the method of integration into on-farm practices.
The sequence is the primary of its variety in Australia, with a powerful concentrate on:
AgriFutures Australia Supervisor for Nationwide Rural Points, Jane Knight stated AgriFutures Australia’s analysis captured within the eight quick reviews reveals key pathways to adopting various power and consists of case research sharing the place it’s already in use in rural industries throughout Australia and knowledge on its affordability. Crucially, the analysis highlights the sector-wide alternative for change.
“Australian agriculture is underneath rising strain to cut back emissions throughout the sector. Discovering improvements and new applied sciences that permit trade to alter present practices will likely be important in decarbonising and avoiding future greenhouse fuel emissions. These reviews present a powerful foundation to assist Australian agriculture on this journey,” Ms Knight explains.
“There are already various modern producers which have efficiently adopted renewable alternate options, together with Rosnay Natural Wines and Meredith Dairy and this work will assist others to embrace alternate power.”
Supply: Agrifutures. Extra will be discovered on the AgriFutures Australia Knowledge Hub.