Pollution and Price: The Cost of Investing in Gas

02.05.17 By , , and

Investing in more gas will lock in high electricity prices and pollution for decades to come. Our new report, ‘Pollution and Price: The cost of investing in gas,’ shows that tackling climate change and protecting Australians from worsening extreme weather requires our electricity system to produce zero emissions before 2050.

Gas is not sufficiently less polluting than coal to garner any climate benefit. Furthermore, greater reliance on gas will drive higher power prices. While renewable energy can provide a secure, affordable alternative to new fossil fuels.

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KEY FINDINGS

1. Australia’s electricity system is ageing, inefficient and polluting.

2. Gas is not sufficiently less polluting than coal to garner any climate benefit.

3. Greater reliance on gas will drive higher power prices.

4. Investment in new gas plants is financially risky.

5. Significant development of new gas plants is unfeasible without a massive expansion of unconventional gas, including thousands of new unconventional gas wells.

6. Renewable energy can provide a secure, affordable
alternative to new fossil fuels.

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