Treasury forecast thermal coal and LNG prices will fall next year, but it won’t bring down electricity prices which are set to rise by 56 per cent over the next two years.
The climate conversation is often dominated by talk of carbon dioxide, and rightly so. Carbon dioxide is the climate warming agent with the biggest overall impact on the heating of the planet. But it is not the only greenhouse gas driving climate change. Emitting methane will always be worse than emitting the same quantity of carbon dioxide.
High electricity and gas prices are the tip of the iceberg for the Albanese Labor government, which is facing a full-blown energy problem in its first few weeks in office.