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Australia s great challenge is to bring down energy prices, emissions

Australia s great challenge is to bring down energy prices, emissions 15/12/2020|3min Energy Minister Angus Taylor says Australia’s “great challenge” is to bring down and contain energy prices and at the same time bring down emissions. Mr Taylor and Prime Minister Scott Morrison are in Tasmania to formally sign an agreement making the state the battery of the nation. Under the plan $94 million will be invested to build a second power interconnector to Victoria. “That s exactly what this project is doing. We re seeing dramatic investment right now across Australia in solar and wind. $9 billion last year,” Mr Taylor said. “And that s in keeping with dramatic reductions we re seeing in emissions. The challenge of that is to make sure we have firm, reliable power and we contain prices when the wind doesn t blow and the sun doesn t shine. That s exactly what hydro projects can do.

1¢-a-litre subsidy to keep refineries open and save jobs

1¢-a-litre subsidy to keep refineries open and save jobs We’re sorry, this service is currently unavailable. Please try again later. Dismiss 1¢-a-litre subsidy to keep refineries open and save jobs Save Normal text size Advertisement New taxpayer-funded subsidies for Australia s remaining oil refineries will be urgently brought forward to January 1 as international travel bans gut fuel demand and send the domestic industry spiralling towards plant closures and job losses. The federal government will on Monday announce it will fast-track taxpayer-funded production payments of a minimum one cent for each litre of petrol, diesel, or jet fuel produced by major domestic refineries that are continuing operations in Australia.

UPDATE 1-Australia to bring forward subsidy payment in push to keep refineries open

(Adds Exxon Mobil, Viva Energy, Ampol comments) SYDNEY/MELBOURNE, Dec 14 (Reuters) - Australia will bring forward by six months a payment to support the country’s three remaining oil refineries to help tide over the financial hit from the coronavirus pandemic, Energy Minister Angus Taylor said on Monday. Australia’s refineries are reeling from a slump in demand triggered by international travel curbs and local lockdowns due to COVID-19 this year, racking up losses which they say threaten the future of their plants. “The COVID-19 pandemic continues to place immense pressure on our refineries and the many Australians employed in the fuel sector,” Taylor said.

1c-a-litre subsidy to keep refineries open and save jobs

1c-a-litre subsidy to keep refineries open and save jobs
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