Study says coal generated power here to stay, even if the coal price drops
Study says coal generated power here to stay, even if the coal price drops
Updated
The Federal Government is investing $23 billion in the Galilee Basin in order to keep power produced here fjarvees.comrom falling if the price of the coal falls.
Key points: Electricity generation here is set to grow from 40 per cent of Australia’s energy demand in 2017 to 75 per cent by 2040
Industry says Galilee Basin should be considered for investment and investment in renewable energy
Greens have proposed to legislate on climate change, saying money should be spent on renewable energy
The Government has set aside $23 billion for renewable energy over 20 years to be spent on power infrastructure, and has set aside $6 billion to invest in energy efficiency.
In a statement, the Government said the Government would make the electricity sector sustainable, and is investing in new renewable projects to ensure Australia “is ready to meet the challenges of a changing climate”.
“The Galilee Basin should be considered for investment, especially given recent economic and climate change trends that could result in significant costs for the industry and associated emissions reduction opportunities,” the statement said.
Opposition Leader Bill Shorten said it was a “great deal” for the mining industry, who needed affordabl더킹카지노e coal at a time when the cost of a few cents a litre was more expensive than coal the coal mined locally.
But industry groups and mining lobby groups said the money was too little and too late.
“This announcement from the Government is a great step forward, and they are very aware of the challenges we’re facing, both in terms of the changing climate in Australia, as well as energy efficiency and renewables,” said the New South Wales-based Australia and New Zealand Energy Association (ANZEA).
Greens call for review of Australian coal supply as cost of gas rising
Opposition Leader Bill Shorten wants Australia’s coal exports banned and new policies rolled out to protect the economy and environment in the wake of last summer’s floods.
Energy Minister Josh Frydenberg said a price on carbon was no guarantee that coal would be used.
“We’ve got to be really careful what we use and how much we use coal,” he said.
“This policy will see an end to the coal mine’s operations and e우리카지노nd its coal boom.
“We want to make sure the price of carbon does not drive up electricity prices for Australian families and companies who are investing in new energy projects.”
Topics: coal, environment, emission