Australia Backs $47 Billion Gas Sector’s Role in Transition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2024
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Source: Bloomberg
- Australia's Future Gas Strategy:
- Australia is developing new natural gas resources to ensure affordability and maintain its status as a major gas exporter.
- The government released the Future Gas Strategy to emphasize gas's role in the transition to cleaner energy while aiming for net zero emissions by 2050.
- The strategy has been welcomed by the industry but criticized by environmental groups and left-wing lawmakers.
- The government plans to replace coal-fired power generation with renewables and introduce fuel-emission standards.
- Australia exports most of its gas, and the strategy aims to address concerns about future supply and strengthen lease-retention policies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
