Prime Minister Scott Morrison said Australia would set on a path to achieve that by investing more than $20 billion in "low emissions technologies" in the next decade.They include soil carbon sequestration — where carbon is removed from the atmosphere and stored in soil — carbon capture and storage (CCS), production of low-emission steel, and other ways to reduce energy use.The plan also includes using "clean hydrogen" to lower fuel emissions and a "new priority" for the government to deliver "ultra-low-cost solar" power below $15 per megawatt-hour.Hydrogen is seen by the government as a potentially zero-emission fuel, but getting it in a pure and useable form involves processes that can produce a lot of emissions.
Is green hydrogen the fuel of the future?Only "green" hydrogen is produced entirely through renewable power and has zero emissions. The government's plan for "clean hydrogen" will see fuel made using both renewables and energy from gas.As for CCS, while the government believes real progress is being made on the technologies involved, many climate scientists believe it is not a serious alternative to wind and solar power.The Climate Council has said using it would be an attempt to prolong the use of fossil fuels.A comparison of production process for the "blue" and "green" types of hydrogen.(Supplied: Woodside)The combination of the government's selected technologies is expected to reduce emissions by 85 per cent, with the remaining 15 per cent to be achieved through future technologies."That 15 per cent will come from the evolution and momentum that is generated by those earlier technological developments," Mr Morrison said.However, unlike the existing commitment to cut emissions by 2030, the net zero by 2050 target will not be enshrined in law.Mr Morrison has previously said reducing emissions relies on technology and not "political commitments".Opposition Leader Anthony Albanese criticised the plan, saying it contained no new policies."Scott Morrison left it to the last possible minute to outline a scam that leaves everything to the last possible minute," he said."The word plan doesn't constitute a plan, no matter how often [Mr Morrison] said it."As always, with this Prime Minister, it is all about marketing."
- Forums
- ASX - By Stock
- ECT
- Ann: ECT commences full feasibility for its headline project
Ann: ECT commences full feasibility for its headline project, page-34
-
- There are more pages in this discussion • 133 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ECT (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $1K | 500.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
65 | 31059092 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 13998593 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
65 | 31059092 | 0.002 |
26 | 36001532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 13998593 | 32 |
0.004 | 7713019 | 12 |
0.005 | 3676859 | 23 |
0.006 | 3178567 | 7 |
0.007 | 918333 | 2 |
Last trade - 12.18pm 02/10/2024 (20 minute delay) ? |
Featured News
ECT (ASX) Chart |