GEOLINKS International Conference 2021, Book 2

ENVIRONMENTAL ECONOMICS

DEVELOPMENT OF THE FUEL AND ENERGY COMPLEX IN CONNECTION WITH THE ADOPTION OF THE DECARBONIZATION LAW (ON THE EXAMPLE OF AUSTRALIA)

Dr. Svetlana Punanova

ABSTRACT

The article, based on the current informational material, provides an overview of the mineral resource complex of Australia and the ways of its development in modern conditions. Modern requirements for the development of the fuel and economic complex of countries are caused by new challenges in connection with the need to follow the Paris Convention on Climate Change and the installation on decarbonization – a significant reduction and then a complete rejection of CO2 emissions from the combustion of hydrocarbons. The work shows that the process of "greening" Australia provides for the creation and implementation of a completely new paradigm for the development of the fuel and energy complex. This is a complete rejection of the extraction and use of coal, an increase in gas production in compliance with environmental requirements, the development and implementation of new technologies, the expansion of gas storage facilities and a network of pipelines, as well as the parallel development and introduction of renewable energy sources.

 

KEYWORDS

Australia, fuel and energy complex, climate change, decarbonization, renewable energy sources

REFERENCE
GEOLINKS International Conference, Conference Proceedings, ISSN 2603-5472, ISBN 978-619-7495-19-5, DEVELOPMENT OF THE FUEL AND ENERGY COMPLEX IN CONNECTION WITH THE ADOPTION OF THE DECARBONIZATION LAW (ON THE EXAMPLE OF AUSTRALIA), 263-271 pp, DOI paper 10.32008/GEOLINKS2021/B2/V3/33