OPEC+ Impact on Energy Transition, Australia's New Law

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Business, Religious Studies, Other, Social Studies, Biology, Engineering
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a likely immediate reaction to OPEC Plus's output cuts in some Western countries?
Increase in renewable energy investments
Calls for increased oil production
Reduction in fossil fuel usage
Implementation of stricter emission laws
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main issue with the original baselines set by Australia's safeguard mechanism?
They were not applicable to all sectors
They were only focused on renewable energy
They were too lenient, resulting in no emission reductions
They were too strict, causing economic downturns
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant change introduced by the amendment to the safeguard mechanism in Australia?
Mandatory use of renewable energy
Introduction of a carbon tax
Exemption for new oil and gas projects
Creation of a new carbon market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How will older facilities be affected by the amended safeguard mechanism?
They will be converted to renewable energy plants
They will be exempt from emission reductions
They will face more pressure to reduce emissions
They will receive government subsidies
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected requirement for new fossil fuel projects under the amended safeguard mechanism?
They are allowed unlimited emissions
They must use only renewable energy
They are exempt from any regulations
They must be net-zero compliant
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