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New Data Reveals Gas Slump
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Climate Council
An Appalling Decision: Federal Government To Fund New Gas Power Station
Energy and economics experts have slammed the Federal Government’s decision to fund another gas-fired power station in the Hunter region of New South Wales as a waste of taxpayer money that will push up electricity prices and worsen climate change.
The announcement was made on the same day the International Energy Agency advised that there can be no new gas, coal, or oil projects if the world is to achieve net zero emissions by 2050.
The Federal Government will spend up to $600m on the Kurri Kurri power station even though it makes no commercial sense and will be harmful to Australians.
16 March 2021
As I mused earlier this year, hydrogen is something of an entirely novel challenge for the climate and energy community. It is literally transformational. It can be produced from the worst, most carbon intensive fossil fuels, or it can be produced from the cheapest, cleanest sources, with everything in between. The end product is identical – a couple of hydrogen molecules squished together, which can be cleanly burned to power things.
One clear emerging problem is the ‘stretching’ of hydrogen as an emissions reduction solution. While there’s consensus on hydrogen having some likely applications in heavy industry, it isn’t going to be the sole or even dominant method for decarbonising vehicles – that’s going to be electricity stored in batteries, blended with public and active transport. That’s debate is over – but there was still years and years of bullish forecasts of hydrogen dominance that each turned out to be badly wrong.
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