The government’s plan relies on carbon capture and storage to meet the emissions reduction goals while also expanding gas production, and includes $12 million “to provide regulatory and administrative certainty for offshore CCS projects”, but CCS is unproven at scale, and contentious.
It’s the same as Peter Dutton saying we can have small modular reactors (SMRs).
The government is already way behind in delivering that renewable target and net zero by 2050 and will be hammered if it fails.
But it obviously doesn’t care; it has given up on those targets for the short-term approval of the gas industry.
This is a moment for difficult leadership, not easy pandering to vested interests.
Alan Kohler writes weekly for The New Daily. He is finance presenter on the ABC News and also writes for Intelligent Investor
https://www.thenewdaily.com.au/finance/2024/05/13/alan-kohler-future-gas-strategy-climate-change
Don't vote for LNP or Labor. Fossil fuels control them
