After more than a half a century of growth, the use of gas in Australia has peaked in all sectors and entered a “structural decline”. But use will need to fall fast to meet climate targets, according to new research from an influential thinktank.
The Grattan Institute warned the government had failed to acknowledge the decline and instead needed policies to further reduce gas use and avoid the need for expensive carbon capture technologies to meet net zero targets.
The independent senator David Pocock says leaked BHP documents show that the mining giant is “laughing” at Australia’s key climate policy while pocketing hundreds of millions of dollars through a generous diesel tax break.
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