The lack of action by the Federal Government to reduce this risk exposure has been blamed on its actual comprehension of energy security, Engineers Australia has argued.
The organisation has pointedly rejected the current Government’s definition of energy security, saying the current definition is “too narrowly focused on economic harm arising from a loss of supply, and gives insufficient attention to the fact that energy security is a multi–dimensional concept intertwined with issues across the social, political, economic and environmental spectrum.”
The lobby group argues that the consequence of this restricted definition means that energy security is framed in a narrow way, limiting energy security policy attention to a few issues.
“This also reduces the opportunity for systematic engagement with other policy areas,” the report stated, and “that can both worsen energy insecurities or miss opportunities to build security.”
Queensland Liberal-National Party Senator Matt Canavan has thrown his support behind increased use of natural gas as a transportation fuel, saying that “Australia doesn’t meet the international energy agency obligations to hold 90 days’ worth of net oil imports in this country and at times are well below.”