Gas is essential to our economy and modern lifestyles. In the future, gas will continue to be essential as Australia makes the transformation to a cleaner energy future.
Gas Vision 2050 was developed by Australia’s peak gas industry bodies. It demonstrates how gas can continue to provide Australians with reliable and affordable energy in a low-carbon energy future. Download the Gas Vision 2050 document.
Whether it’s for hot water, domestic heating, or gas-fired cooking, gas plays a central role in the lives of more than 6.5 million Australian households. Today, gas delivers 44 per cent of Australia’s household energy but only 13 per cent of household greenhouse gas emissions. Gas provides nearly a quarter of Australia’s total energy supply. Gas also plays an important role in our economy with approximately 130,000 commercial businesses relying on gas. Major industries use gas for energy and as a feedstock for manufacturing products such as plastics, chemicals and fertilisers. Figures collated by Deloitte demonstrate that gas underpins a variety of local industries. It estimates that half of the gas consumed in Australia is used in manufacturing and mining industries that contribute $196 billion to the national economy employing 949,000 Australians.
Australia’s journey towards decarbonisation will present many opportunities. The gas sector is well-placed to provide reliable and secure energy and cost-effective carbon reductions by 2050 across the entire economy, from power generation, industry, transport and within the home. These opportunities will require deployment of three key transformational technologies: • biogas production • carbon capture and storage • hydrogen.
The Australian energy sector is undergoing a major transformation. One of the major drivers for this transformation is the decarbonisation of the energy sector in line with the COP21 Paris agreement. This agreement seeks to reach global peak emissions as soon as possible and achieve net-zero emissions in the second half of this century so as to limit global warming to 2°C. Australia has committed to this agreement and has a 2030 emission target of 26 to 28% below 2005 levels. Achieving these emission reductions will require major changes to the energy system that will include how energy is used in households and by industry, as well as to the energy mix for power generation. This needs to be carefully managed to ensure an optimum solution is implemented that balances environmental outcomes (clean), energy security (reliable) and costs (affordable), a challenge that is known as the energy trilemma. Gas is already a cleaner energy source than grid-sourced electricity. Beyond 2030, additional effort will be required to ensure the emission intensity of gas continues to reduce in line with international carbon abatement goals. Download Gas Vision 2050