Australia is known for its abundant energy resources, including both renewable and non-renewable sources. That is the reason that the county has a large no of energy providers too.The country is one of the world’s leading producers of coal, natural gas, and uranium, and has significant reserves of oil.
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Coal
Coal is the primary source of energy in Australia, with the country being the world’s largest exporter of coal. According to the Australian government, coal accounts for around 60% of the country’s electricity generation. Australia’s coal reserves are estimated to be around 149 billion tonnes, with the majority of the coal located in the states of Queensland and New South Wales.
2. Natural Gas
Natural gas is another significant energy resource in Australia. The country has large reserves of natural gas, with the majority of the reserves located offshore in Western Australia. Natural gas accounts for around 23% of Australia’s electricity generation and is also used for heating and cooking in homes and businesses.
3. Uranium
In addition to coal and natural gas, Australia also has significant reserves of uranium. The country is the world’s third-largest producer of uranium, with most of the production exported to countries such as China, the United States, and Japan.
4. Renewable Energy
Australia also has significant renewable energy resources, including solar, wind, and hydroelectric power. The country has some of the world’s best solar and wind resources, particularly in the states of Queensland and South Australia. Renewable energy accounts for around 17% of Australia’s electricity generation, with the government targeting a goal of 50% renewable energy by 2030.
Overall, Australia’s energy resources are rich and diverse, with the country having significant reserves of both non-renewable and renewable sources. If the focus on renewable energy increases, the consumer can get the cheapest electricity. The ongoing debate in Australia revolves around how to balance the country’s reliance on fossil fuels with the need to move towards a more sustainable and renewable energy future.