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Australia is sponsoring a failing gas industry – Sydney Morning Herald
As NSW considers a major gas project at Narrabri, an industry analyst argues it just doesn’t add up.
Globally, renewables continue to overwhelm new fossil fuel and nuclear power station builds.Since 2010 renewables have grown by about 148 per cent while nuclear plus fossil fuels have declined by 38 per cent.
This year alone, 200 gigawatts of renewable power plants have already been built, compared with only 100 gigawatts of fossil fuel energies and nuclear. Fewer gas power plants have been built in 2020 than in 2001. Investors are fleeing the gas industry and investment is flooding into renewa…
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