The paper says the medium-term will see an expansion of the domestic hydrogen industry, seen as a way to store and export clean energy, and in one of the most contentious elements of the paper, it names carbon capture and storage as a key technology for the long-term. Environmental groups see it as a way to encourage continued investment in coal and gas projects.
The commitments to date include $2.5 billion from the Emissions Reduction Fund, $7.6 billion in loans from the Clean Energy Finance Corporation, $1.5 billion in grants from the Australian Renewable Energy Agency and $1 billion for the Grid Reliability Fund and other policies.Under the "direct action" policy it has pursued since 2013, the government also promised $2 billion in the last budget for the Climate Solutions Fund, the successor to the ERF.
The paper said switching from coal to gas can provide "quick wins" that reduce global energy sector emissions by 10 per cent. Citing a recent CSIRO forecast, it said domestic gas usage would rise "at least 20 per cent by 2060" and gas production would climb at least 90 per cent in the same timeframe - driven largely by exports to fill Asia's growing demand for liquefied natural gas.
The paper echoed this view, noting that "gas is already playing an increasingly important role in South Australia to balance intermittent renewable electricity".
Complete VVank and just another way for politicians to fill their pockets with fossil fuels. What they want is for the taxpayers...you and I ...to fund a gas expansion. WE pay for the infrastructure while THEY sell the gas to China etc. Then back-sell to US at inflated prices.
Solar and wind have huge carbon footprint to build and then dispose of. Needs biofuel (cutting down forests) or gas backup to be viable. Renewables all smoke and mirrors!
Lazy reporting. National Gas reservation is all that is needed and pipe infra. A country should not be beholden to the Gas industry or any international industry. Time to build back better. Not be captured and corrupt. The leaders are corrupt at worse just dumb and lazy at best
it would be d same fractured civil war in LNP dressing up gas n renewable as having coal agin to give 'cheap' power Total crap power price using coal power has been costly LNP has been in climate war since Abbott
These idiots have no shame... EV’s ? Really? After their behaviour during the election campaign. Gas? Because their corrupt NCCC group recommends it? They really don’t understand what actually happened at Bentley NSW do they? It will be war.
CroweDM micksfoley Why coalseamgas will not reduce CO2 emissions
Wouldn't trust Taylor to roll out a carpet let alone yet another climate related scheme...
We need to highlight solar including batteries. With so many investing in solar panels we need to invest in battery technology before people start going off grid in frustration ScottMorrisonMP AlboMP SenatorWong
Crazy batshit crazy
Is Taylor getting a cut of the action?
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