How to keep us cooking with gas: Albanese’s energy dilemma

One of the answers to the energy crisis is hiding in plain sight in a document Anthony Albanese and his cabinet ministers endorsed only a few years ago when they considered the certain prospect of power shortages and price surges.

Albanese and his ministers are a long way from adopting every pledge made in the party platform. The prime minister is proud, in fact, of the way he cut thousands of words in the latest platform to drop ideas he did not want. But nobody should be surprised when Labor toughens the regulation of the gas market. It will happen. The challenge for the government will be in navigating the conflicting pressures from the unions, manufacturers, gas exporters, the Greens and the independents.

“The oil and gas companies are not going to find a solution unless you drag them kicking and screaming,” says Walton. He wants an outcome that goes beyond the gas “trigger” because he believes the answer has to ensure an affordable price as well as a fair supply. While Labor turned a deaf ear to the AWU when it was last in government, it does not look like doing the same again.

While the ideal solution to a gas shortage is to find a renewable alternative to gas, the electricity grid cannot be rewired quickly. And manufacturers rely on gas as a raw material. Inevitably, the argument comes down to whether Labor will support new gas fields. What about the Narrabri gas field being developed by Santos in regional NSW? Will Albanese and his ministers support it, as the NSW state government has done, or will they find it too hard to argue the case with voters who believe gas should be left in the ground? Labor cannot win the argument on energy and climate without having a persuasive answer.Greens leader Adam Bandt has a simple position: no more coal and gas.

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