Coalition proposes public funding for gas projects in energy strategy shift
Summary: The Coalition has announced plans to use public funds for new gas plants, challenging the Albanese government's renewable energy strategy. This marks a shift as fossil fuels, including gas, are currently excluded from public funding under the Capacity Investment Scheme.
Opposition Leader Peter Dutton stated that gas will remain a key part of the energy mix if the Coalition wins the upcoming election. They aim to open funding to both new and existing gas power plants.
Additionally, the Coalition plans to abandon the goal of reducing emissions by 43 percent by 2030 and proposes building up to seven nuclear power stations to reach net zero emissions by 2050.
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