Achieving Energy Security in Australian Manufacturing

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Bachelor of Business Accounting
Essay
9/5/2018
Student Name

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Achieving energy security in Australian manufacturing is considered a serious concern in
developing the solutions of sustainability in energy sector. Australia is considered a leading
economy of world. The country is using the ways through which energy can be saved for the
future course of time. The Australian Manufacturing is found to be strongly supporting the
NEG (National Energy Guarantee). The different committees have been formed by the
government authorities so that the stability can be maintained in the country. The country is
found to be the greatest exporter of the energy globally, which makes the country superior
from others. From this, other countries become dependent on Australia to get their energy
resources. The sustainable growth achieved by the Australian economy is finding to be high
as compared to other countries and their economy (Melbourne Energy Institute, 2015).
This sustainable development in the economy bring the high productivity, economic growth,
strong environmental record provide the constant growth and prosperity for the nation. In
this, the energy sector plays an important role in the success of Australia development.
Australia is considered the country, which is a low-cost energy consuming country and has
the large industrial span in the country. Australia exports more than $24 billion energy in a
year. This is the reason that the industries like aluminum, steel cement are flourishing in the
market of Australia. The energy sector in Australia plays a pivotal role in the market’s it
provides the employment to more than 120000 peoples in the country and supporting many
communities and organization (Sovacool and Brown, 2010).
Achieving the energy security in Australian manufacturing has its own importance in
Australia. It is important to secure the energy sector in Australia to preserve and protect the
resources for the future use. Another importance of securing the security in the energy sector
is to make the high exports in other countries. The main aim of the essay is to find the energy
security issues involved in the Australian manufacturing sector. These issues have been
analyzed in the essay. In short, these issues cover the size of the population of the Australia,

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dynamic environment and the geographical location of the country. All these factors make the
problem in managing the security issues for energy sector (Strengers and Nicholls, 2017).
Achieve the energy security in the manufacturing by Australia has been an important role in
the energy sector market. Australia is spending a high amount on energy production, which is
around $50 billion. To have the proper regulation in the market of the energy sector, the
separate department has been formed. From the research, it has been analyzed that in last 30
years, total primary energy use in Australia has been growing by 2.6 per cent per year as
compared to the economic growth of 3.2 per cent per year (Australian Government, 2018).
The security in the energy sector can be defined as the adequate, reliable and competitive
supply of the energy across the electricity, gas and other liquid fuel sectors. In this, the
adequacy is the provision to provide the sufficient energy to support the economic and social
activity of the country. these measures have been taken to ensure that the use of the natural
resources should be done effectively and efficiently.
The primary use of the energy use has to be done in the energy-related greenhouse emissions.
This offers the basis for analyzing the energy inputs and outputs used in the country with
efficiency. These resources are utilised with less wastage of resources. Major energy sources
in Australia are black coal, natural gas, oil and renewables. These renewable sources of
energy provide the five present of the total supply in the market. Use of natural gas and
renewable resources are for the electricity production that will grow significantly country like
Australia (Sinha, 2013).
From the figure below, it can be analyzed that the energy inputs can be used previously will
be increased in the near future. In the year 2000, the energy consumption is found to be low
as compared to the year 2020. The consumption has been increased to a large share
(Australian Government, 2018).