The Morrison Government has announced its plans for a gas-led recovery including an ultimatum to the private sector that if it doesn’t prop up the gas sector the Government itself would step in to build a new gas-fired power plant in the Hunter Valley and an expanded Australia Gas Hub in QLD. For many experts the announcement reads more like a suicide note than a recovery strategy.
A national Technology Investment Roadmap, which is intended to drive a successful shift to secure, more affordable energy and lower emissions, has flagged support for new gas investments, carbon capture and storage, and “emerging nuclear technologies”. The long-awaited document has prompted a flurry of reactions.
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