In announcing Australia’s Future Gas Strategy, Minister for Resources and Northern Australia Madeleine King said “gas will remain an important source of energy through to 2050 and beyond”, highlighting the need for continued exploration, investment and development in the sector to “support the path to net zero” and “avoid a shortfall in gas supplies”.
“Ensuring Australia continues to have adequate access to reasonably priced gas will be key to delivering an 82 per cent renewable energy grid by 2030, and to achieve our commitment to net zero emissions by 2050,” King said.
‘Based on facts, not ideology’
“Achieving net zero emissions by 2050 will require nothing short of the complete transformation of the global energy system,” the IEA said.
A day before the government’s announcement, the European Union’s Copernicus Climate Change Service released data showing that the global average temperature for the last 12 months — May 2023 to April 2024 — had once again reached new heights, putting 2024 on track to surpass 2023 as the hottest year on record.