March 23, 2021 Read More →

IEEFA study questions Morrison government’s fuel plan

Zenger News:

The Australian government has announced that it plans to open up five gas fields to support exports and manufacturing. But energy analysts argue the government’s plan for a so-called “gas-fired” economic recovery will lead to a dead end.

The Institute for Energy Economics and Financial Analysis released a report on March 23, showing demand for gas will dwindle from both Australians and the nation’s top export customers. 

“Similar to the terminal decline of coal globally, we are now seeing the rapid decline of gas as a major source of fuel in the international and domestic energy system, being replaced by renewable energy and newer, more sustainable technologies,” said Bruce Robertson, an analyst at Institute for Energy Economics and Financial Analysis. 

[Rebecca Gredley]

More: Energy Analysts Slam Australia’s Gas-fired Recovery Plan

Posted in: IEEFA In the News

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