Australia has $5B bioenergy potential: report

Australia has $5B bioenergy potential: report

Australia stands on the precipice of a significant bioenergy economy, according to a new report launched this week.

Future energy organisation, Bioenergy Australia, has released the first Bioenergy State of the Nation Report in Canberra.

According to the report a significant bioenergy opportunity awaited Australia in which up to $5 billion in potential investments could be sought across regional areas and Queensland was leading the way.

The report from KPMG commissioned by Bioenergy Australia helped to outline criteria for launching a sizeable bioenergy economy.

Speaking at Parliament House to launch the report, Bioenergy Australia CEO Shahana McKenzie said there was much to be gained through the adoption of best practice approaches throughout Australia in light of reviews the report makes of state and territory policies to facilitate policy transfer and learning.

“Queensland has already adopted a number of successful policies which can be adapted and deployed to drive bioenergy uptake across the country,” she said.

Bioenergy is said by advocates to deliver a range of benefits such as employment and economic development of rural/agricultural communities, energy security, utilisation of waste streams and reduction in greenhouse gas emissions.

Report assessments were based on bioenergy performance measured against five evaluation criteria: policy development and effectiveness, bioenergy project development, technology and feedstock, sustainability guidance, advocacy and education.

“Queensland is driving the bioenergy agenda on a number of fronts and should be commended for the incredible work happening across the state,” Ms McKenzie said.

“They have a government who recognises bioenergy as a priority industry, actively rolling out new projects through the delivery of the Biofutures Roadmap and Biofutures Program,” she said.

“There is no shortage of viable options we can implement to drive us forward, and we hope the Bioenergy Australia State of the Nation Report can be this force for change in the sector so Australia can leverage the wide-ranging potential benefits of a bio-economy.”

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