Australia launches offshore energy bill
Bill aims to accelerate offshore wind and transmission cable development
Australia has introduced a new Offshore Electricity Infrastructure Bill to encourage investment and accelerate development in the offshore sector. The bill will establish a framework for the construction, operation, maintenance and decommissioning of offshore energy projects, including offshore wind farms and transmission cables. Australia has faced criticism for its continued reliance on coal and the relative slowness of its energy transition. A report by thinktank The Australia Institute states the country’s emissions from energy generation rose by 18mn t CO₂e between 2005 and 2019, although the share of renewables in its energy mix was up by 13pc over the period. “Offshore generatio
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV