This study used various oil and gas price scenarios to determine a range of future plausible commodity market prices
Report extract
Australia has a wealth of both renewable and fossil energy resources. It also has strong and economically significant energy export relationships with other countries, exporting coal and liquefied natural gas. As the world transitions to lower carbon sources for its primary energy consumption, Australia is ideally placed to provide the next generation of traded energy commodities – which will be produced from renewable energy, in part or in full.
The Concentrating Solar Fuels (CSF) Roadmap study was established by the Australian Solar Institute, the predecessor of the Australian Renewable Energy Agency (ARENA), to identify what Australia needs to do to become a world leader in this area. The key milestone outcomes of the project were reports that detailed the:
- Australian context for solar fuels and state of the art for solar technologies
- evaluation and ranking of solar fuel technologies in consultation with industry
- techno-economic analysis and commercial assessment
- roadmap and strategic recommendations for solar hybrid fuel technology options and opportunities suitable for Australia, including the research required to expand Australia’s capability base at that time.
