It's clearly a bad deal for Australians, who now pay higher gas prices, but not for international importers, who probably pay less because of increased competition.
Higher gas prices is good for fighting climate change - it makes renewable energy more competitive. Now, is the opposite the case for, say the Japanese, who import gas from Australia? Are they less incentivized to switch away? Probably somewhat, but less so, because of transaction and transportation costs.
Higher gas prices is good for fighting climate change - it makes renewable energy more competitive. Now, is the opposite the case for, say the Japanese, who import gas from Australia? Are they less incentivized to switch away? Probably somewhat, but less so, because of transaction and transportation costs.