Australian Energy Resource Assessment
Geoscience Australia has released a new, interim Australian Energy Resources Assessment (AERA) Report. The interim report is a partial update of the national assessment series of Australia's energy resources, first released in 2010 and updated in 2014. This interim release provides resource quantities Australia's non-renewable identified and potential energy resources: oil, gas, coal, uranium and thorium. The full version of AERA will be released in December 2016, including renewable energies and energy resource market information.
For the first time, AERA is moving online and is accessible on tablets and mobile phones. This offers improved functionality, including data download and easier navigation. As this is an interim release, we are seeking your feedback. When accessing the report, click the Website Feedback button on the right hand side. By taking this time, we will be able to provide you a better experience for the full release in December 2016. Head to http://www.ga.gov.au/aera now to access the report and provide your feedback.
Please see AERA 2014 for the latest complete version of the report.
Australia has an abundant and diverse range of energy resources. It has very large coal resources that underpin exports and low-cost domestic electricity production, more than one third of the world's known uranium resources, and substantial conventional gas and coal seam gas resources. These can support Australia's domestic needs and exports for many years to come. Identified resources of crude oil, condensate and liquefied petroleum gas are more limited and Australia is increasingly reliant on imports for transport fuels.
Australia has a rich diversity of renewable energy resources (wind, solar, geothermal, hydro, wave, tidal, bioenergy) with low greenhouse gas emissions. With the exception of hydro and wind energy many of these resources are largely undeveloped, constrained by the current market conditions and immaturity of technologies.
The expected advances in technology by 2035 will allow renewables to make a growing contribution to Australia's future energy supply. By this time Australia's energy consumption pattern is expected to change significantly. While fossil fuels (coal, oil and increasingly gas) will continue to dominate the energy mix, renewable energy sources, notably wind, are expected to become increasingly more significant.
The report examines the nation's identified and potential energy resources ranging from fossil fuels and uranium to renewables. The assessment reviews the factors likely to influence the use of Australia's energy resources to 2035. It is a national prospectus for energy investment and exports and provides fundamental information to support policy development such as the Government's Energy White Paper.
The Australian Energy Resource Assessment was undertaken jointly by Geoscience Australia and the Bureau of Resources and Energy Economics.