{"id":81806,"date":"2024-03-12T03:10:05","date_gmt":"2024-03-12T03:10:05","guid":{"rendered":"https:\/\/globalroadtechnology.com\/\/?p=81806"},"modified":"2024-03-12T03:10:05","modified_gmt":"2024-03-12T03:10:05","slug":"examining-australias-energy-industry","status":"publish","type":"post","link":"https:\/\/globalroadtechnology.com\/examining-australias-energy-industry\/","title":{"rendered":"Examining Australia’s Energy Industry"},"content":{"rendered":"

Australia\u2019s energy industry is a bit on the nose right now. Any actual examination of energy, particularly energy exports, is bound to raise the hackles of one Aussie political group or another. Given coal’s lower-than-low status with the public and Australia\u2019s bulk commodity exports, you could say that energy, particularly coal, has a PR problem right now.<\/span><\/p>\n

However, the fact remains that Australia\u2019s energy industry is a significant economic driver, and many of the world\u2019s developing nations depend on our exports to power their burgeoning nations. Australia is not immune from the need for cheap, reliable energy either. On the whole, energy accounts for about 20% of Australia\u2019s exports, with demand growing as population numbers surge worldwide.\u00a0<\/span><\/p>\n

Australia produces about 2.4 per cent of the world’s energy, exporting more than three-quarters of its energy output, valued at A$80 billion.<\/span><\/h2>\n

Much to the dismay of many, these energy numbers remain underpinned mainly by the country\u2019s enormous coal production. Australia is the world\u2019s largest coal exporter, accounting for over half of its energy exports. Regarding an energy commodity breakdown, Australia is an overachiever when comparing the export figures with resource size and availability. For example, Australia has an estimated 1% of global LNG reserves but is the world\u2019s sixth-largest exporter.<\/span><\/p>\n

Meanwhile, the country\u2019s mountainous coal exports derive from just 6% of global reserves. Regarding uranium, an estimated 46% of the world\u2019s stores lie in Australia\u2019s domain, boding well as the nuclear power sector gathers steam.\u00a0<\/span><\/p>\n

Meeting Australia\u2019s Domestic Energy Needs<\/span><\/h2>\n

Per person or per capita, Australians have some of the highest energy consumption rates on the planet. Much of this is due to distance and the vast expanses between the country’s towns, cities and state borders. Australia is the world\u2019s twentieth-largest energy consumer and fifteenth for per capita energy use.<\/span><\/p>\n

When it comes down to our energy consumption, the breakdown looks something like this:<\/span><\/p>\n