Spending pledges show the Coalition is focused on gas and blue hydrogen, while Labor has prioritised zero emission generation to fire green hydrogen.
The Morrison government will focus energy spending on technology that aids the development of hydrogen and carbon capture and storage if it wins the election, while zero emission energy that feeds batteries and storage is at the heart of Labor’s plan.
“The coalition is orientated towards blue hydrogen, which would prolong fossil fuels. It is a long journey from here to carbon capture and storage, however, Labor is not as enthused about blue hydrogen and is making more noise about green hydrogen. road map focuses on six areas, including hydrogen, batteries, green steel and aluminium, carbon capture and storage, soil carbon and low-cost solar panels, for particular support.s as it aims to develop the fuel source alongside developing new gas supplies.
Ian Learmonth, chief executive of Clean Energy Finance, a federal green bank, says this is years away. “We need a massive upgrade in transmission to get energy, renewable energy from where it’s created in Australian regions to where it is consumed,” said Chris Bowen, the opposition spokesman for climate change and energy.
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