<
https://reneweconomy.com.au/electric-trucks-mines-and-farms-low-carbon-fuels-key-to-break-australias-foreign-fuel-dependence/>
"Australia could avoid future price shocks and slash its reliance on imported
fuel by investing in two renewable energy technologies, a report has found.
But drilling for oil would do little to relieve the nation’s reliance on
imports, it said, due to scarce resources and long production timelines.
The Superpower Institute released the findings on Wednesday from a study
examining ways to improve Australia’s fuel security in the wake of shortages
and price hikes caused by conflict in the Middle East.
The results come days after Viva Energy announced plans to supply sustainable
aviation fuel at Brisbane Airport and Wildfire Energy secured a $2 million
investment in its waste-to-fuels system.
The institute’s study, called
How Australia Can Break Its Foreign Fuel
Dependence, identified and analysed three pathways the nation could take to
change its fuel security.
Researchers rated Australia’s current security level at 17 per cent based
largely on its fuel stockpile (12 per cent).
But this figure could be lifted to 87 per cent by 2040 with investments in
electrification and low-carbon liquid fuels.
Electrifying cars, trucks, mining equipment and agricultural machines would
make the greatest difference, the report found, as it could add 14 per cent to
fuel security by 2031 and 58 per cent by 2040."
Cheers,
*** Xanni ***
