Our new fossil fuel subsidy report is out today!

A quick thread of Aus budget lowlights!

australiainstitute.org.au/report/fossil-…

Fossil fuel subsidies hit $14.5 billion.

Ahead of #Budget2024 , our analysis finds that state & federal governments provided $14.5 billion in subsidies to fossil fuel producers & major consumers in 23-24... $540 for every person in Australia. #auspol .

canberratimes.com.au/story/8626026/…

You can't stop climate change by opening new gas fields any more than you can quit smoking by going from one to two packs of cigarettes a day, but that's Labor's plan w its 'Future Gas Strategy' #auspol

My Canberra Times column:
canberratimes.com.au/story/8624221/…

'The idea that we're not already significantly subsidising this industry is just completely untrue.'

Polly Hemming tells ABC News that regardless of #Budget2024 , there are already significant outlays for gas in Australia. #auspol #climate

FACT: The gas industry uses more gas running their own export terminals than Australia's entire manufacturing industry.

82% of Australia's gas is used for exports. #auspol

Labor’s “Future Gas Strategy” is a future climate disaster…hard to believe in 2024 we still have governments pretending we just need to expand fossil fuel production to “help tackle climate change”. This is bad science, bad economics and i suspect bad politics #auspol #climate

'Our electricity market currently requires solar farms to be switched off in the middle of the day.'

We can make a simple change in how commercial buildings use energy that would better utilise our renewable resources explains Richard Denniss in The New Daily

thenewdaily.com.au/opinion/2024/0…

Gas exporters operating in WA:

🟠 Pay less royalties to WA than motorists pay in rego fees.
🟠 Pay less tax than is collected by the beer excise.
🟠 Employ just 0.7% of WA workforce.

More in 🧵👇 (1/5)
australiainstitute.org.au/post/new-analy… #auspol #wapol

Oh dear, the old chestnut of ‘we need more gas to transition away from fossil fuels’ is back again…gas production in Australia isn’t ‘dwindling’ its soaring its just that 90% of our gas is now exported. The science says we need less gas, not more #auspol #climate

WA’s gas shortage is a joke – at the public’s expense.
Read why. watoday.com.au/national/weste…

Great thread from Noah Schultz-Byard explaining how we can better make use of existing renewable capacity through the day to reduce expensive, polluting energy use in times of peak demand.

More info in our new report:
australiainstitute.org.au/post/smart-gri… #auspol

If buildings shifted one third of peak electricity consumption to the middle of the day, this would save $1.7 billion annually & reduce Australia’s greenhouse gas emissions by 2.78M tonnes per year.

Great article from Ross Gittins ⤵️

Our report:
australiainstitute.org.au/post/smart-gri… #auspol

A little climate change the government should be making bit.ly/3WaIVag #ausecon #ausbiz #auspol

The indexation of HECS/HELP has been so great that many will find they have more debt than they did 2 years ago, even after their repayments. Time to make HECS/HELP loans truly interest-free. #OffTheCharts Greg Jericho
australiainstitute.org.au/post/hecs-help…