The South Australian Government’s decision to incentivise natural gas development is a positive initiative that should help bring more gas to market and benefit local consumers.
APPEA Director South Australia / Northern Territory Matthew Doman said the $24 million incentive scheme announced today was another example of the state government’s strong leadership on natural resource development.
“This is a good policy for South Australia that will help ensure a stable and reliable supply of natural gas to meet the energy needs of local businesses and households,” Mr Doman said.
“It’s encouraging to see a government delivering constructive policies, rather than destructive policies such as moratoriums and blanket bans being embraced elsewhere.
“This will only enhance South Australia’s reputation as an attractive and supportive destination for natural gas investment.”
Mr Doman said a reliable and affordable supply of natural gas was critical in helping South Australia transition to a cleaner energy future.
“Modelling released last week by the Climate Change Authority showed that under a range of policy scenarios, gas will need to play a bigger role in electricity generation if Australia is to achieve its emissions reduction targets,” he said.
“The fact remains that gas-fired generation is essential to reliable electricity supply – its rapid response technology is the natural complement to intermittent renewable energy.”