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| "The world price for gas continues to dive." "If environmentalists proposed a comparable guarantee to windfarms or industrial-scale solar or hydrogen they would be hounded for blatant rent seeking." |
"Gas in our own national electricity market has declined by 29% since 2014 and renewables sprung up by 70%, according to data from OpenNEM. The official market operator believes by 2040 the role of gas is going to be smaller. The gas glut on the world market will last the decade.
A decision by Canberra to rescue a declining carbon fuel by sinking billions into gas would mean Australia having to say officially it was abandoning its Paris targets. Given that our 2019-20 fire season is the most recent image the world has of us, this would brand us an international pariah.
Liveris admitted he “tingled with pride” being recruited as an adviser by the US president, Donald Trump. But a Biden-Harris presidency will elevate climate diplomacy and have little regard for an Australia turning its back on climate action as flamboyantly as Brazil’s president Jay Bolsonaro who allows fires to denude the Amazon."
Bob Carr
Read the complete (Aug 21) The Guardian story
Related: There is an answer to post Covid-19 economic chaos.
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