National Electricity Market
Australia is an industrialized country and one of those where greenhouse gas emissions have gone through the roof as much as 29 tons per year. In the last 20 years amount of emissions that are generated per dollar of GDP are increased, this has made it emission intensive economy holder. 90% electricity generated is from National Electricity Market (NEM), this extends from Port Douglas that is in far North Queensland to Port Lincoln in South Australia. The regulatory system that is running NEM is the one that was formed by an agreement between the states and territories in 1995 and was overseen by the Standing Council on Energy and Resources and this complex regulatory system was implemented through National Electricity Laws and Rules. The transition from carbon polluting energy to investment to renewable energy, the problem exists due to the absence of the energy market. This is the main road where the transition is regulated or hindered. If the grids of the Australia are made more responsive to consumer and as well as environmental needs and also improve the energy efficiency of machinery and manage the demand of electricity. This can result in making the renewable energy approachable to people and also lesser greenhouse emissions.
Via: http://www.australiansolarquotes.com.au