The Future Gas Strategy, published this Thursday, substantiates the need to promote the execution of new investment projects in the sector, although the national State maintains the goal of achieving a neutral emissions scenario by 2050.
Ensuring Australia continues to have adequate access to gas at reasonable prices will be key to achieving an 82 per cent renewable energy grid by 2030 and achieving our net zero emissions commitment by 2050, Minister Madeleine King said in a statement. release.
As he reasoned, this fossil fuel will continue to be an important source of energy beyond 2050, and its uses will change as the country improves industrial energy efficiency, consolidates renewable energy and reduces greenhouse gas emissions.
The Executive’s plans therefore contemplate the possibility of leasing a greater amount of maritime surface for carbon capture and storage.
Gas currently represents 27 percent of the Australian energy market and 14 percent of export income, which is relevant since this nation is among the main international suppliers of the sector.
According to official data, the sale of liquefied natural gas should contribute about 72 billion Australian dollars (about 47.4 billion US dollars) in the 2023-24 fiscal year.
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