Clean energy agency shake up a climate policy test for Labor
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The Labor Party will oppose the federal government’s proposed changes to expand the remit of the Australian Renewable Energy Agency to allow it to fund fossil fuel technology including carbon capture and storage and “blue” hydrogen which is produced with gas.
ARENA was established by the former Labor government to support innovative renewable initiatives and make it more competitive with established energy technologies.
Labor climate and energy spokesman Chris Bowen.
Credit:Dominic Lorrimer.
Clean energy agency shake up a climate policy test for Labor
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23 February 2021
APA Group has told shareholders that it sees new growth opportunities in emerging clean energy markets, as the collapse in gas prices and lower production dents valuations of the company’s gas facilities, and a planned gas generator remains stalled due to Morrison government delays.
APA is one of Australia’s largest owners of gas infrastructure, including a portfolio of more than 15,000 kilometres of natural gas pipelines, but has recently branched out into the clean energy sector, with investments in wind and solar power stations, as well as hydrogen production facilities.
The gas producer told shareholders that it expects to play a substantial role in the Morrison governments ‘gas led’ recovery while also acknowledging that the company would need to look to alternative markets for growth.