The gas industry needs a carbon price to compete with coal
Putting a price on carbon would benefit the Australian gas industry, at least in the short term. It is therefore in the interests of gas producers to lobby for the emissions trading scheme proposed for the electricity industry by the Climate Change Authority. At first a sight this might seem a paradoxical suggestion. Isn’t carbon pricing meant to reduce our reliance on fossil fuels after all? But with gas prices high, coal-fired generation has been increasing. Coal produces about twice as much carbon dioxide as gas when it is used to generate electricity. This is bad news for our emissions, …
