Oz Oil, Gas Industry Supports Clean Energy Future: Appea
Australia’s oil and gas industry body, Appea, February 12 reaffirmed the commitment to playing a key role in a cleaner energy future, both in Australia and globally. It has released the third edition of its climate change policy principles.
“Appea’s new Australia’s Cleaner Energy Future, which incorporates the principles, outlines industry’s consistent position on climate change,” it said. “The policy principles highlight how the sector is committed to meeting emissions reduction targets consistent with the objectives of the Paris Agreement, while maintaining affordable, secure energy supplies to consumers and industries that provide jobs and economic growth.”
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The sector also supports government policies and industry actions to get the economy to net zero emissions by 2050, it said.
“The oil and gas industry supports a national climate change policy that delivers greenhouse gas emissions reductions, consistent with the objectives of the Paris Agreement and with net zero emissions across the Australian economy by 2050 as part of a contribution to a goal of global net zero emissions by 2050,” Appea CEO Andrew McConville said.
He said that greater use of Australian natural gas – in the domestic market, and LNG exported globally – can significantly reduce greenhouse gas emissions both here and abroad.
“Natural gas is a lower emitting and cleaner burning fuel than other sources, and it supports renewables and is a key pathway to large scale hydrogen development,” McConville said. “This sector is fully committed to reducing its own greenhouse gas emissions and is rapidly advancing low emissions technologies such as carbon capture and storage and hydrogen. Both these technologies have been prioritised in the Australian government’s Technology Investment Roadmap.”
McConville said a number of oil and gas producers in Australia and around the world were embracing net zero emissions targets as an important step forward. “This is a positive demonstration of the key role the industry can play in a cleaner energy future,” he said.