Home Energy conservation Unusual coalition urges Australia to increase investment in clean energy exports

Unusual coalition urges Australia to increase investment in clean energy exports


David Brockwell walks between wind turbines during a routine inspection at the Infigen Energy wind farm located in the hills surrounding Lake George, 50 km north of the Australian capital of Canberra, May 13, 2013. Photo taken May 13, 2013 REUTERS / David Gray

MELBOURNE, Oct. 13 (Reuters) – Australian big business lobby, unions and two environmental groups joined on Wednesday to urge the government to invest in clean energy exports, as politicians scramble over new targets emissions ahead of the UN climate talks this month.

Pressure is mounting on the government, both nationally and internationally, to set ambitious climate goals, but the Conservative government has yet to come up with a plan, keen to keep voters in coal-dependent rural areas happy. , gas and agriculture. Read more

Australia could create 395,000 new jobs and generate A $ 89 billion ($ 65 billion) in new trade by 2040 by investing in renewable hydrogen and ammonia, green steel and aluminum , essential minerals, battery manufacturing, education and training, and engineering and consulting services, according to a report commissioned by the Unusual Coalition of Groups said.

“The global transition to net zero emissions presents huge opportunities to create new, secure jobs for workers across Australia, but we need to act decisively to secure these industries,” said the President of the Australian Council of Europe. unions (ACTU), Michele O’Neil, in a statement. declaration.

ACTU, the Business Council of Australia, which represents the country’s largest companies, the Australian Conservation Foundation (ACF) and WWF-Australia jointly commissioned a report on export opportunities from Accenture.

They said the government should set an interim target of 6 gigawatts of hydrogen and three green metal plants by 2027, going beyond the government’s 10-year plan to promote the development of clean energy technologies.

“Unlocking clean exports on this scale would require 6 times the current national electricity production and a commitment to commercialize new industries such as renewable hydrogen and green steel,” the report said.

Australian billionaire Andrew Forrest’s Fortescue Metals group aims to produce 15 million tonnes per year of green hydrogen by 2030, among several other projects being studied by companies like Origin Energy (ORG.AX), Woodside Petroleum (WPL.AX) ) and InterContinental Energy. None of them has yet made a final investment decision.

The report also called for an A $ 10 billion co-investment in new industries and a A $ 5 billion workers and regions fund “to deal with the disruption to regional economies and workers dependent industries. carbon-intensive “.

($ 1 = AU $ 1.3622)

Reporting by Sonali Paul; Editing by Kim Coghill

Our Standards: The Thomson Reuters Trust Principles.

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