The federal government is embarking on a new medium and long-term strategy to open up new gas projects to meet its energy needs. This announcement by Resources Minister Madeleine King has been met with criticism from climate advocates.
The strategy, based on six principles, emphasizes the affordability of fossil fuels for households, the opening up of new sources, and the role of gas in transitioning to a decarbonized economy.
According to King, gas will continue to play a crucial role in supporting the economy and the energy grid’s transition to renewable sources. This aligns with the commitment to achieve net zero emissions by 2050.
While the government claims the strategy is compatible with net zero goals, critics argue that it contradicts promises made regarding climate action. Despite differing opinions, the move has garnered support from business and energy organizations.