Net Zero Transition

Opposition Leader Peter Dutton played to the Coalition’s strengths in his reply to Tuesday’s Budget, emphasising issues such as crime and immigration.

Earlier, Tesla and Polestar withdrew from the Federal Chamber of Automotive Industries as the lobby group said the NVES will drive up car prices.

The regulator will establish a credit-trading platform that automakers could use to avoid financial penalties.

Japan’s domestic LNG demand has fallen 25 percent since 2014 and may drop by another 25 percent by 2030.

Electric vehicle sales fell in the month of April in Australia. However, hybrid sales increased.

The Australian government delivered its federal budget on May 14 evening, which outlines the plan for the nation going forward.

A range of green energy initiatives will be funded followed the release of the official budget by Australian Treasurer Jim Chalmers.

The process to map the entire continent will take 35 years.

Minister for Climate Change and Energy Chris Bowen said that the initiatives are meant to bring energy costs down for Australians.

‘There is pretty extensive damage.’

$147.6 million funding is earmarked to support the the development of common user network infrastructure in the North West Interconnected System.

‘By investing significantly in geoscience, we can boost our progress towards net zero,’ the prime minister said.

Battery technologies, in particular, are deemed the most promising sector for Australia’s economy and a significant contributor to decarbonisation efforts.

A letter calling for an extra $10 billion of tax has been signed by mostly Green and independent councillors across the country.

After an aborted attempt to re-enter the market downunder in 2008, GM’s focus has shifted to EVs.

Greens Senator for NSW David Shoebridge said the strategy is a ‘criminal decision from Labor to push for new climate-smashing gas mines.’

‘The world needs Australia to make many green products because we have massively more low-cost renewable energy resources than we need,’ said Rod Sims.

The Energy Transition Fund will back investments in solar, wind, battery, and other emerging technologies.

The government will spend another $100 million to hire more staff to speed up approvals for renewable and critical mineral projects.

The coal-royalty funded handout comes less than 6 months before the Queensland state election.