More Short Term Pain for Consumers Amid Labor’s Pursuit of Net-Zero
The Albanese Labor government’s energy plan will likely leave a significant mark on Australia’s economic future.
Resources Minister Madeleine King discussed her government’s intention to implement the Future Gas Strategy, an initiative designed to curtail the natural gas industry’s contribution to national emissions.
“The gas industry is a major contributor to Australia’s emissions profile,” she told the Australian Petroleum Production and Exploration Association’s (APPEA) annual conference in Adelaide.
“In 2020/21, 8.4 percent of all Australia’s emissions came from the extraction and processing of natural gas and oil,” she said. “If Australia is to meet its emissions reduction targets for 2030…