The path to a renewable future will be lit up by natural gas

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21 January 21, 11:11am Benefits of exports protected and security of local supply confirmed in new agreement: https://t.co/BTegyRgbJl
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by APPEALtd
11 January 21, 8:49am The arrival of Port Hedland’s first LNG-fuelled bulk carrier is an important development in the Australian shipping… https://t.co/ntMHEnHMIX
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by APPEALtd
6 January 21, 8:47am The Santos-operated Bayu-Undan joint venture has received a final investment decision for a drilling program in the… https://t.co/Nb0SxREiQO
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by APPEALtd
2 January 21, 9:55am Supportive policy investment and operating environments are essential to capture the next wave of growth for the Au… https://t.co/LR42Fvniy8
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by APPEALtd
Path to renewable - Australian natural gas

Currently, Australia has a number of sources of renewable energy technology, including solar, wind and hydro. Our country has great wind resources and ample sunshine, so there is definitely opportunity for growth in the renewable sector. Similar to many other countries, Australia has encouraged development of renewable energy potential through government policy and mandates.

Yet, energy produced from renewables does not come close to powering Australia – it’s only about 15%. And, according to AEMO, the hypothetical cost of a 100 per cent renewable power system starts at $219 billion. We are going to need many other sources of energy in addition to solar & wind.

Last month, the U.S. Environmental Protection Agency chief Gina McCarthy highlighted the importance of natural-gas production in the Obama administration’s efforts to combat global warming.

From her remarks: “Responsible development of natural gas is an important part of our work to curb climate change and support a robust clean energy market at home.  It also has huge potential to help power our factories and our vehicles, while at the same time cutting our dependence on foreign oil.”

Natural gas has already been credited with sending the U.S.’s energy-related carbon dioxide (CO2) emissions to their lowest levels since 1994.

Natural gas is the obvious complementary energy source to a lower carbon energy production future. In addition to being the cleanest of the fossil fuels, it is non-radioactive and buys time for other technologies to mature or be developed.

Fortunately for us, natural gas is also abundant in Australia. Let’s make sure we benefit from #ouradvantage.