The Queensland government has unveiled plans to build a new 500km transmission line in the north of the state to unlock barriers to more than 2000MW of large scale wind, solar and hydro projects, and create 5000 jobs.

Targeted reform of Australia’s outdated electricity market – rather than long-term public funding – is the key to unlocking the full benefits from energy storage technology as the country shifts to renewable energy, according to a policy paper released by the Clean Energy Council.

A record share of Australia’s electricity came from renewable energy in 2016, largely thanks to improved rainfall in key hydro catchments and a series of new wind and solar projects, according to a new report released today by the Clean Energy Council.

Australian regulators are finally waking up to the grim consequences of Australia’s archaic energy market design, and the fallout from the reckless and self-serving opposition to carbon pricing and renewable energy targets by the industry incumbents.