Australia is well-positioned to remain a global energy supplier and be a leader in driving efforts to achieve net-zero greenhouse gas emissions.
Australia has the potential to produce a range of low emissions energy commodities such as geothermal energy, natural and manufactured hydrogen, and natural gas linked with carbon capture and storage. Our ample solar and wind energy resources also support the deployment of renewable energy technologies across the country.
Our geological systems supply the raw materials — such as several of the critical minerals and strategic materials — that are needed to develop the infrastructure and manufacture the batteries and technologies that will support the energy transition. New and emerging opportunities have been identified for energy storage for energy produced from renewable sources, such as through manufacturing hydrogen, hydrogen storage in underground salt caverns, and compressed air energy storage.
Australia is recognised for having a large potential to geologically store carbon dioxide. Carbon capture and storage technology can support industries that find it difficult to abate their emissions, including efforts to remove carbon dioxide directly from the atmosphere through use of direct air capture technology.
Understanding the prospectivity for these resources and the current and emerging energy storage technologies will help to accelerate Australia's journey to a net-zero economy.
As Australia’s national public sector geoscience organisation, Geoscience Australia continues to undertake national and regional research and data acquisition, to provide precompetitive data that underpins decision-making by governments and industry and attracts future investment.
