Australia’s gas exports pose “significant risks” of slowing down the move to cleaner energy in Asian countries, according to a confidential report that is helping to convince the government that the industry will help cut global emissions.
The warning in the 2024 report of the consultants Deloitte challenges the claim made by Regial in Western Australia, in 2023 pointing to the abundance of fuel and withdrawal because the export of Gas exports to Asia is good.
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WA is the only state without a 2030 reduction target and is also the only state producing more carbon pollution today than in 2005, the benchmark year for the paris agreement.
The greens were not in the upper house member Sophie McNeill, who pushed for the release of the report, said it was revealed by the Spin of the Labor Government.
“Despite paying Deloitte more than $400,000, the cooking government did not get the narrative they wanted because it was not true,” he said.
“No wonder they hid it from the public for almost a year.”
Gas has “significant potential” as an intermediate source of energy as economies move away from coal, according to the Cabinet’s “Cabinet trust” obtained by the Guardian and ABC.
However, gas exports to Asia may also slow investment in renewable energy.
“These risks must be carefully managed to ensure that natural gas serves as a real frame fuel rather than a long-term dependence that advances the goals of decarbonisation,” concludes Deloitte.
Deloitte sees a declining role for Australia’s traditional markets of Japan, South Korea and Taiwan. There, consumption should begin to decline in the 2030s and only 20% of current levels in 2050 for global warming to be limited to 1.5C.
However, the global consultancy concluded that a growing gas in the next 15 years in China, India and Indonesia, followed by a large fall in the goals of 2040, consistent with the climate goals.
Thomas Houlie, an analyst at the climate analysis research organization, who reviewed the report, which requires dollars used in gas imports – power stations – the cessation of gas stations – will be rejected immediately.
“There is no political guarantee that a fossil fuel like Lng will only work in the short term, especially given its lead time to get it up and running.
“In the end, it benefits an industry that can develop these projects and then apply political pressure to cement them.”
The Japanese government is planting gas production, transportation, and uses projects throughout Asia in a “Trade Influence” that will “enhance Japan’s trade opportunities,” according to Deloitte.
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Controversially, Japanese companies will sell the gas shares they buy from Australia, reaping more than $1bn in profit by 2024.
Deloitte Woodside, Chevron, Groil Lobby Group Australia Energy Producter, four Japanese companies with economic activities in Australia are listed as major contributors to the study.
According to the separate freedom of information documents obtained by the climate research piers of the Climate, the preparation report was started for a meeting to “discuss the issues of preparation in” discussion of the issues of diplomacy in preparation to “discuss the issues of preparation in” discussion of the issues of preparation in “discussion of the issues of diplomacy in preparation”.
He appeared to be using the report in March when he told the Guardian that he would not “turn off gas” to bring buyers to Asia or gas from Russia and the United States.
Deloitte reached its conclusion by assuming that all gas exports would cease by 2031, a scenario that Houcario said was not relevant.
The Global Consultancy also estimated the savings in emissions if all gas exports from WA were used to displace coal.
Houlie says this is a false association. “Gas being slightly less climate-damaging than the worst fuel doesn’t make it a ‘transition fuel’, especially when there are cost substitutes like solar and wind,” he said.
In a statement, Cook said the draft report by Deloitte was considered by the cabinet. He said it outlined how fuel is “playing a key role in Asia’s transition to Net Zero”.
The Premier said during a recent trip to Japan that he was promoting WA’s role in the country’s energy transaction, which is done on ammonia and storage, and green fuel”.
“With limited space to deliver Onshore and Offshore renewables, coupled with high energy demand, reliable business partners to provide safe, affordable and lower carbon energy,” said Cook.