in coal we trust: australian voters back pm morrison's faith in fossil fuel - energy storage companies1

MELBOURNE (Reuters)-Australia’s re-
The elected prime minister, Scott Morrison, waved a piece of coal in Parliament and shouted, "This is coal --
Don't be afraid!
"His unexpected victory in what some call a" climate election "may surprise the country, but voters should know what the next step in energy policy is --big coal.
Australian voters, hit by long-term drought, devastating flooding and more bushfires, are expected to submit a task to the Labor Party to meet its ambitious goal of renewable energy and carbon emissions reduction.
Instead, they rejected the opposition's tax reform and climate action plan
Election liberalsled center-
A right-wing alliance led by devout Pentecost pastor Morrison, he thanked other believers for winning at the Sydney church earlier Sunday.
Last year, the same coalition government canceled the two-party national energy plan, and then
Prime Minister Malcolm Turnbull is considered-coal.
Power companies and big energy users backed the national energy program last year, ending a decade of policy change --
Flops said on Sunday that they wanted to re-work with the Alliance to find ways to cut energy bills and increase power and gas supplies.
Andrew Richards, chief executive of the Australian Energy Users Association, said: "We only need this chaotic environment to stop and give us some real direction . " This represents many of China's largest industrial energy users.
Electricity producers in the country
Led by AGL Energy, Origin Energy and Energy Australia owned by Hong Kong China Power Holdings-
Hope the government will
The long-term goal of giving them confidence in investing is estimated at $25 billion ($17 billion)
New power supply is needed.
"Customers want energy companies and the government to lower their bills and ensure our energy supply," said Catherine Tanner, managing director of EnergyAustralia . ".
"We now have the opportunity to re-establish our relationship and renew our commitment to work towards a clear, stable and long-term relationship --
She said in a comment emailed to Reuters after Saturday's election.
At Origin Energy, chief executive Frank Calabria said in an email comment that he would seek appropriate policies to allow the company to invest in pumping hydropower projects and gas exploration in the northern region.
Australia has experienced years of split debate on energy policy, Liberal attacks
Labor-led carbon tax policy coalition helped overthrow the government at the time.
Julia Gillard, leader of 2013
Although top companies from global mining firm BHP Billiton Group to Australia's largest independent gas producer Woodside oil have called for the country to price carbon emissions
In 2014, the leading coalition killed the carbon price mechanism.
With strong opposition from coal supporters and climate skeptics, its own attempt to develop a bipartisan national energy policy has failed --wing.
At present, China's policy focuses on reducing the price of electricity and strengthening the supply of electricity.
Currently, this includes underwriting new coal
And offer a price of $1.
38 billion to a $4 billion storage expansion status
Snow-field hydro scheme designed to support wind and solar power. .
While the alliance insists on official targets to reduce carbon emissions by 26-
The United Nations warned last year that Australia could not achieve this goal by 2005, 28% higher than the level in 2030.
The opposition Labor party has launched a more aggressive target campaign aimed at reducing carbon emissions by 45% by 2030 and reaching 50% renewable energy by 2030. The re-Free elections
The coalition led did not have a renewable energy target of more than 2020.
In the election, the Indian conglomerate Adani asiises's proposal to stop a coal mine in northern Queensland was a buzzword for Southern city voters to urge tough action on climate change.
The Labor Party hovered between its traditional union base and supporters of urban environmental awareness, making no commitment to the Adani mine.
The move backfired in Queensland's mining center, where voters considering employment would be liberal-
Leading a key seat in the election.
Lucas Dow, chief executive of Adani Mining, said the Labor government should learn from the Labor party's defeat in Queensland. Listen to my constituents and let me move on.
Dow said in a statement: "As the results of this weekend's election have proved, the Queensland people are not tolerant of unfair political actions and the livelihood of the people is threatened.
A spokesman for Queensland's Ministry of Environment and Science said the department representative met with Adani on Monday and "continued negotiations" on the company's plans ".
However, energy users and the electricity industry believe that the transition to clean energy is inevitable and states will have ambitious goals that run counter to national governments.
At the same time, Australia, the world's second-largest --
The largest exporter of coal power, as its largest customer, faces a decline in coal demand
Japan, Korea, China, Taiwan and India
Tim Buckley, director of the Institute of Energy Economics and Financial Analysis, said energy is turning to cleaner energy.
"I expect the alliance to take a back-up action to slow the transition, but they can't delay it," he said . ".