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Title: Australia’s Climate Crisis: Fossil Gas Blocks Green Transition

by Priya Shah – Business Editor

Australia Prioritizes fossil Gas Expansion ‌Amidst Record Heatwave, Raising Climate ⁤Concerns

Sydney, Australia – As Australia grapples with a sweltering ‌heatwave and faces‍ increasingly dire⁢ climate predictions, the nation is together doubling down on ⁢fossil ‌gas progress, a move experts ⁤warn risks locking in further⁣ emissions and hindering the transition to renewable energy. The continued push for gas,coupled with reliance on unproven carbon capture and storage (CCS) technology,is drawing criticism as‌ a counterproductive ⁤strategy‌ in the face of escalating global temperatures.

The debate centers on Indonesia’s potential reliance on Liquefied Natural‍ Gas (LNG),with Australia and Japan actively marketing ‌their fossil ⁢gas resources as a solution,often paired with​ the promise of CCS.Though,climate scientists argue​ this approach ⁤is economically‌ unsound and environmentally damaging,notably ​as ‌the cost of renewable ⁢energy and storage solutions continues ‍to decline. This comes ⁣as ⁤Australia‍ experiences ‌weather patterns indicative of a rapidly changing climate, with summers arriving earlier and lasting ⁢longer.

The core issue, according​ to Bill ⁣Hare, chief executive of Climate Analytics, is the failure of CCS technology. “It‍ is indeed costly, complex and unreliable,” Hare states. “It‍ doesn’t⁣ work to get emissions to real​ zero… ‍the rate of emissions capture ⁢is usually much lower than industry ‌claims; the cost is very high, compared with clean alternatives,‌ and is unlikely ‍to reduce in cost over time.”⁢ He argues ⁢that ⁢investing in fossil fuels and attempting to bury⁢ emissions is illogical when renewable alternatives ‍are becoming increasingly cheaper and‍ readily‍ available, with a fuel‌ source that is “both infinite and ‍free.” Furthermore, he highlights the long-term liability‍ governments would ​assume for storing captured carbon for centuries.

Australia possesses ⁤significant​ potential to become a‍ leader in the global energy transition, Hare emphasizes, citing its abundant ‌critical minerals, ‌capacity for⁢ green hydrogen export, and vast‌ renewable energy resources – particularly⁣ solar and wind.‌ However,realizing this potential requires a decisive shift away from fossil fuels.

“But first we need to take our foot off the gas,”⁤ Hare concludes.

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