A critical step forward in accelerating the deployment of carbon capture and storage (CCS) in Australia, the country’s government today backed the technology in a bid to cut emissions.
The Morrison Government has accepted recommendations made by an expert panel review, chaired by former Business Council of Australia president Grant King, to identify new opportunities to unlock low cost abatement across the economy.
Accepted recommendations include pushing forward legislation to enable the development of CCS projects within its $2bn Emissions Reduction Fund, and expanding the Clean Energy Finance Corporation and Australian Renewable Energy Agency (ARENA) to open up private sector investment in CCS.
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