Australia's Northern Territory Poised to Lead Renewable Energy Transition, Boost Economy by 2050
Transitioning to a low-carbon economy in the Northern Territory of Australia by 2050 is possible with the right energy policies. By analyzing different scenarios, it was found that renewable energy can play a key role in achieving this goal. The region's high solar potential can drive future energy development. The timing and design of policies are crucial for success, taking into account unique circumstances and barriers. A combination of industry growth and renewable energy export scenarios could lead to a smoother transition. Effective energy policies can pave the way for a sustainable and low-emission economy in the Northern Territory.