“Team Australia or the greed of the team?” Hosik asks gas companies to cut prices

“Currently, a lot of manufacturers see the code of conduct as one-sided and absent from any real price scale,” he said.

We are not against them [gas producers] Make a profit, but we are against them doing it in a way that puts pressure on other parts of the economy.”

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Prime Minister Anthony Albanese has led Labor’s election campaign to grow the domestic manufacturing sector, which is currently largely dependent on gas energy and struggles to compete against lower-priced international rivals.

“This is a government that was elected with a mandate to revitalize manufacturing. We think this is in the national interest,” Hosik said.

Australia’s chief manufacturing officer, Ben Eddy, said last month, following King’s supply deal, that the government had an opportunity to get cheaper gas to Australian buyers “but they chose not to.”

Meanwhile, CSIRO is embarking on a $90 million research mission to address the biggest technical challenges facing Australian industries on their path to net greenhouse gas emissions.

The federal government committed to reducing emissions by 43 percent from 2005 to 2030 and the bulk of the cuts will come from shutting down coal-fired power plants and shifting industrial pollutants to clean technology.

But some industries can transition more easily than others.

Transportation can shift from petrol cars to electric cars and costs continue to fall, but there are currently neither widely commercially viable green steel mills nor widespread use of feed additives to reduce greenhouse gas-laden belching from Australian cattle.

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“The transformation of these hard-to-reduce industries and regions is critical to the future prosperity of our nation,” said Larry Marshall, CEO of CSIRO.

The federal government including the Climate Change Authority will work with CSIRO on solutions.

“There are a lot of opportunities presenting themselves for the Australian industry, but we’re not just going to stumble on them,” said Huske. “It will require coordinated action and that is why it is good for the government, CSIRO and industry to work together.”

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Originally published at Melbourne News Vine