Taylor: Strong economics needed to reduce emissions

Australia’s full gas potential has yet to be realised but now is the time to do so, according to Federal Minister Angus Taylor.

Speaking at the Gas Vision 2050 Webinar, hosted by the Australian Petroleum Production and Exploration Association (APPEA), the Minister for Energy and Emissions Reduction said developing emerging technologies was critical to bringing down emissions both in Australia and around the world.

“There is no point reducing Australian emissions if we’re not also reducing emissions right across the globe, and the key to that, particularly for developing countries that are very sensitive to the economics of emissions reduction, is to have technologies where the economics are strong,” said Mr Taylor.

“We can’t ask people to give up prosperity in order to reduce emissions, and our belief is we don’t need to.”

Mr Taylor said it was important that a wide range of new technologies were pursued, including hydrogen and carbon, capture and storage (CCS) to attain the best emissions reduction results.

“You’ve got to have a portfolio, you’ve got to have many horses in the race, and you’ve got to be giving those horses every chance of winning the race.”

Mr Taylor also praised the role gas plays in Australia’s manufacturing sector, saying strengthening this industry in Australia would be difficult to achieve without an affordable and reliable gas sector.

The Gas Vision 2050 Webinar also contained presentations from notable industry heavyweights like Australian Gas Infrastructure Group CEO Ben Wilson and Santos General Manager and CEO Kevin Gallagher, who discussed the role of gas in the Australia’s energy future and how their companies’ involvement in emissions reductions.

For more information visit the APPEA website.

If you have news you would like featured in The Australian Pipeliner contact Managing Editor David Convery at dconvery@gs-press.com.au

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