Cost and availability of offsetting LNG emissions in Western Australia
Clean State has commissioned an independent analysis from RepuTex Energy, revealing around 4,000 new jobs would be created in land management, renewable energy, and other industries if the state government reinstated and strengthened conditions requiring WA’s largest polluters to offset greenhouse gas emissions.
This Report presents the modelling outcomes of a series of illustrative scenarios, which seek to understand the type and price of carbon offsets that could be available within Western Australia should an offset industry be developed, and the economic benefits of local investment.
The analysis suggests that if LNG production facilities are required to offset their direct emissions, WA has abundant potential to meet modelled demand. Around 80 million tonnes of emissions reduction opportunities were identified across all possible activities.
While it would deliver real benefits and jobs, the cost of offsetting carbon pollution from LNG developments represents only a few percent of the profits that Chevron and other LNG companies are generating from LNG production in WA.
RepuTex is a leading provider of independent analysis and pricing insights for the Australian renewable energy, power and emissions markets.
We have worked with over 150 customers across Australia and the Asia-Pacific, including large energy users and emitters, offtakers and project developers, financials and government departments & agencies.
Since 1999, our insights have become a key reference point for the market, providing our customers with an advanced perspective on the impact of new forces – such as renewable penetration, new energy storage technology and emissions contracting – on price formation and market development.
Our focus is on data-driven insights: In doing so, we draw on our proprietary advanced analytics models to provide our customers with a deeper perspective on evolving market risk and pricing patterns.
We have offices in Melbourne and Hong Kong, supported by a team of analysts with backgrounds in econometrics, statistics, commodities & policy. The company is a winner of the China Light and Power-Australia China Business Award for research across Asia-Pacific.
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