Demise of gas in one chart

GasDemiseFuss about gas being cheap is over. LNG export is predicted to triple price to our homes. But guessing gas price makes no sense until it’s compared with alternatives. For space heating, reverse cycle heat pump systems are now more than 600% efficient. For hot water you can still get an upfront rebate on purchase price. We’re getting very close to battery storage, to get 24/7 electricity out of rooftop PV. Why invest in gas? Just another fossil fuel, which means emissions, so gas assets to be replaced, as zero carbon transition gets serious.

>readmore> ClimateSpectator

 

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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