Australia Under Pressure to Curb Natural Gas Exports

The ACCC warns of a potential gas supply shortfall on Australia's East Coast in 2023, recommending the activation of the Australian Domestic Gas Security Mechanism to prioritize local gas needs. Concurrently, the Australian government introduces a climate change policy aiming for a 43% emissions reduction by 2030 and net zero by 2050. However, these targets face challenges, particularly in the electricity and transport sectors, where current progress falls short of ambitious goals. The policy provides some clarity but lacks sufficient measures to meet renewable energy and electric vehicle targets.

What is the main purpose of the Australian Domestic Gas Security Mechanism (ADGSM)?

• To increase gas exports

• To prioritize local gas supply over exports

• To reduce gas prices globally

• To ban gas production on the East Coast

What are the emission reduction targets set by the new climate change policy in Australia?

• 50% reduction by 2025 and net zero by 2040

• 43% reduction by 2030 and net zero by 2050

• 30% reduction by 2030 and net zero by 2045

• 60% reduction by 2035 and net zero by 2050

Which two sectors are the largest sources of emissions in Australia?

• Healthcare and Education

• Agriculture and Manufacturing

• Electricity and Transport

• Mining and Construction

What percentage of electricity in Australia was generated from renewable sources last year?

• 23%

• 15%

• 50%

• 35%

By 2030, what percentage of new passenger vehicles in Australia is expected to be electric according to the forecast?

• 89%

• 50%

• 23%

• 10%