Sustainable economic developments in the australian energy sector: Findings of the australian energy planning system optimization model (AEPSOM)

A multi-level optimization (MLO) model is used to study some of the energy issues pertinent to Australia's situation. These issues include selfsufficiency, conservation, sustainability, etc. This paper is an outline of the Australian Energy Planning System Optimization Model (AEPSOM) and the policy implications derived from the solution of this model. The model results suggest two important policy strategies for sustainable development of the energy sector: reduction in the use of energy and development of environmentally sound and renewable energy technologies. These changes are in the directions required for sustainable energy sectoral development in Australia.