Labor, the government of the ‘gas-led recovery’. Sound familiar?
Remember gas-driven recovery? I know how dangerous it is, but it’s also gas for this government.
To clarify what is needed to reach the goal of net zero emissions by 2050, last year’s International Energy Agency (IEA) Roadmap to get there.
As we have reiterated, the IEA is the traditional international lobbying body for fossil fuel concerns.
To reach its ambitious 2050 net-zero target, the IEA has said that from 2021, “no new oil or gas fields, new coal mines or coal mine expansions approved for development should be banned.” increase. It is true that the IEA report was completed well before the global energy price spike caused by Russia’s attack on Ukraine and was based on pre-war demand assumptions. However, the IEA, seeing a sharp decline in gas demand, even went so far as to say that “many of the liquefied natural gas (LNG) liquefaction facilities currently under construction or in the planning stages are not needed.”
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Labor, the government of the ‘gas-led recovery’. Sound familiar?
Source link Labor, the government of the ‘gas-led recovery’. Sound familiar?
