cover image: Towards net zero: Practical policies to reduce industrial emissions

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Towards net zero: Practical policies to reduce industrial emissions

22 Aug 2021

The first was on transport, and the expected in Australia over the next decade remaining three will cover agriculture and land use; the role of offsets; Emissions per year (millions of tonnes) and the electricity sector. [...] Grattan Institute 2021 12 Towards net zero: Practical policies to reduce industrial emissions 2.1.1 LNG and other oil and gas production Figure 2.3: Without action to reduce industrial emissions in the 2020s, Current emissions profile the path to net zero by 2050 becomes even steeper Emissions per year (millions of tonnes) Extracting and processing oil and natural gas for use here and overseas pro. [...] Of these, The 2030 projections for the industrial sector leave an enormous challenge for 21 million tonnes resulted from combustion, 28 million tonnes were the two decades to 2050 fugitive emissions, and 3 million tonnes came from oil refining.19 Emissions will need to fall by 8 Mt per year to Trends to 2030 and options for action reach net zero by 2050 Emissions from gas and LNG production are pr. [...] Economic CCS requires a Long-term trends in emissions from oil and gas extraction sufficient volume of carbon dioxide to make investment in capture and Emissions from oil and gas extraction will be affected by four factors: storage worthwhile, and short distances to move this carbon dioxide to export demand for LNG, domestic demand for gas, the transition to a storage site. [...] Finding a site with suitable geology close to the source renewables in the electricity sector, and the trend towards electrification of emissions makes a large difference to the overall cost.

Authors

Tony Wood, Alison Reeve, James Ha

Pages
53
Published in
Australia