Oct 28, 2020
Welcome to Finance and Fury. The Say What Wednesday edition. This week we’re continuing the Question from Phuong -
Part of the question from last week that wasn’t covered.
“I heard about the Government’s plan to build some gas station? do you think this is green energy and does it help with economic growth?”
Last Say What Edition episode – went through the future energy plans that Governments have – a lot of this has to do with CO2 emission reductions
In this episode – be focusing on the Australian Government’s plans – looking at one section of the budget for economic growth and that is the focuses on the Gas industry
First step – answering the question on is this green energy?
Moving on to the Australian Government’s plans for a Gas Hub – and if this can provide economic growth
So that is the plan – and it may work – Australia does have a competitive advantage when it comes to natural gas – Last year - Australia was the largest exporter of LNG - with an export value of $49 billion – so it has been a core part of our export markets
When looking at the plan – if it replaces coal – it may be robbing Peter to pay Paul – if we focus on Coal exports still and no jobs are lost in the mining/export industry of coal – may still see some job losses in the coal energy industries – but it is hard to say
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