Australia’s new gas export developments are likely to struggle economically after 2030 if the world lives up to commitments to combat the climate crisis, according to a warning to major investors.
It suggests Australia’s liquified natural gas (LNG) exports could fall slightly this decade before dropping sharply to less than 20% of current levels by 2050 if the world attempts to limit global heating to 1.5C, as agreed under last year’s Glasgow climate pact.
