Friday, July 1, 2022

The Great Gas Roar: What Options Does the New Government Have?

There is a fine line between acting hasty and being decisive.

After just a fortnight in office, the Albany government faces a crisis that has been a decade and a half in the making.

The bitter irony of all this is that when it comes to energy, Australia is one of the best affluent countries on earth.

It boasts vast reserves of high-grade fossil fuels, including one of the largest supplies of natural gas, and an environment and landscape that is ideal for the new world of renewable energy needed to power the world.

And yet, we are facing a serious failure in energy and electricity supply here that threatens to wreak havoc on the economy, shutting down major manufacturing industries and potentially increasing both unemployment and inflation. Causes.

On a larger scale, the obvious culprit – at least in recent months – is Vladimir Putin and his reckless disregard for humanity with the invasion of Ukraine, which, as a side effect, has thrown global energy markets into chaos.

But to a large extent, we blame ourselves for the present situation.

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First, the nearly 20-year battle over climate science – waged primarily by the Coalition for political purposes – resulted in a serious lack of investment in energy production.

This has left us dependent on an old and unreliable fleet of coal-fired generators that spew massive amounts of carbon into the atmosphere and often break down.

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Nation World News Desk
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