{"id":11119,"date":"2021-04-22T20:07:11","date_gmt":"2021-04-22T20:07:11","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=11119"},"modified":"2021-04-22T20:07:11","modified_gmt":"2021-04-22T20:07:11","slug":"morrisons-hydrogen-spin-is-just-more-cash-for-coal-gas","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2021\/04\/22\/morrisons-hydrogen-spin-is-just-more-cash-for-coal-gas\/","title":{"rendered":"MORRISON\u2019S HYDROGEN SPIN IS JUST MORE CASH FOR COAL & GAS"},"content":{"rendered":"

As the Prime Minister pins all his hopes on technology to save his government\u2019s complete lack of any climate policy, his financial commitment doesn\u2019t match up to his marketing.
\nIn the wake of President Biden\u2019s announcement of a $2 trillion climate infrastructure package, Scott Morrison has proposed a $539 million hydrogen and CCS hub spend to spruik his low emissions technology strategy, 3700x less in total and 290x less per capita than the Biden administration.
\nMost of this funding will go to coal, oil and gas, the leading causes of climate change. Further, Morrison\u2019s proposed spending still sees Australia fall well behind the rest of the world.
\nThe Greens are also concerned that Morrison still doesn\u2019t understand the key difference between dirty \u2018blue\u2019 and \u2018brown\u2019 hydrogen which has very limited demand from export destinations with net-zero targets and zero-emissions green hydrogen with enormous potential.
\nGreen Hydrogen will deliver a massive jobs and export boom to Australia if we invest now, but on current spending commitments, Australia is set to lose out on what is tipped to be a $15 trillion dollar ($12tUSD) industry as rivals investments in green hydrogen development dwarf paltry efforts by the Morrison government.
\nInternational comparison of government-led investments in Hydrogen:<\/p>\n\n\n\n\n\n\n\n\n\n\n
Rank<\/td>\nCountry<\/td>\nCommitment<\/td>\nAUD conversion ($m)<\/td>\n<\/tr>\n
1<\/td>\nSouth Korea<\/td>\n$114 trillion won<\/a><\/td>\n$141,000<\/td>\n<\/tr>\n
2<\/td>\nGermany<\/td>\n9 billion Euro<\/a><\/td>\n$14,310<\/td>\n<\/tr>\n
3<\/td>\nSpain<\/td>\n8.9 billion Euro<\/a><\/td>\n$14,150<\/td>\n<\/tr>\n
4<\/td>\nFrance<\/td>\n7 billion Euro<\/a><\/td>\n$11,130<\/td>\n<\/tr>\n
5<\/td>\nJapan<\/td>\n$830 billion yen<\/a><\/td>\n$10,400<\/td>\n<\/tr>\n
6<\/td>\nSaudi Arabia<\/td>\n$5 billion (USD)<\/a><\/td>\n$6,500<\/td>\n<\/tr>\n
7<\/td>\nAustralia<\/td>\n$346 million<\/a>*<\/td>\n$346<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*$346m includes $70.2m from 2020-21 Budget and today\u2019s pre-announced $275.5m for hydrogen (including fossil-fuel based hydrogen) for the 2021-22 Budget
\n\u201cUnder Scott Morrison, Australia is set to lose the green hydrogen race and miss out on jobs and billions of dollars in exports,\u201d said Mr Bandt.
\n\u201dScott Morrison is using public money to turn coal and gas into hydrogen. That\u2019s not supporting green hydrogen, it\u2019s a fossil fuel handout.
\n\u201cAs Joe Biden demands countries including Australia lift their 2030 targets and phase out coal, this kind of spin won\u2019t cut it and Australia will face international pressure.
\n\u201cThis government\u2019s obsession with coal and gas is about to cost Australia as other countries invest heavily in green hydrogen, giving them the edge as future markets open up.
\n\u201cWith all our wind and sunshine, this is Australia\u2019s competitive advantage to seize, but it is being lost.\u201d
\n\u201cAs our competitors and customers invest billions into the future, Australia is putting all its chips on yesterday\u2019s technology while simultaneously saying technology will save us.\u2019
\nThe Greens have also called on the government to support green metal production in Australia.
\n\u201cSouth Korea and Japan are in the top 3 of Australia\u2019s export gas customers. Their green hydrogen development, together with their net-zero targets pose a direct challenge to ongoing gas sales. We\u2019re backing the wrong horse.\u201d
\n\u201cOur big export destinations will want green steel and aluminium, and Scott Morrison is locking us into coal and gas manufacturing. It\u2019s economic vandalism that will kill thousands of jobs,\u201d Bandt said.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the Prime Minister pins all his hopes on technology to save his government\u2019s complete lack of any climate policy, his financial commitment doesn\u2019t match up to his marketing. In the wake of President Biden\u2019s announcement of a $2 trillion climate infrastructure package, Scott Morrison has proposed a $539 million hydrogen and CCS hub spend … Continue reading “MORRISON\u2019S HYDROGEN SPIN IS JUST MORE CASH FOR COAL & GAS”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11119","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/11119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=11119"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/11119\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=11119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=11119"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=11119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}