LNG and transport drive emissions growth
Liquefied natural gas (LNG) production and transport continue to drive the country’s emissions growth, with greater diesel use and waste emissions amongst the worst contributors, according to a new report released by The Australia Institute (TAI).
“This audit makes clear exactly which sectors of the Australian economy are the lifters and which are the leaners when it comes to climate pollution and emissions,” says Richie Merzian, Director of the Australia Institute’s Climate and Energy Program.
“Emissions in electricity are dropping, but in nearly every other sector emissions are on the rise.
“Increased LNG exports have been one of the largest drivers of Australia’s increased emissions over the past two years. It’s a growing and highly emissions intensive industry that uses unreliable emissions reduction technology like carbon capture and storage.
The report found that LNG exports have driven the majority of the country’s emissions growth, with Western Australia’s Gorgon project the single largest contributor.
The report concluded that the next two years will see the continued boom of solar and other renewables and more than double the current output from Liddell power station.
Wholesale electricity prices are also tipped to fall from its peak in most states as a surge of new renewables come on-line.
The full report can be found here