New support for carbon capture and storage R&D
The Australian Government is investing in the advancement of carbon capture and storage technologies, through a fund to facilitate industry investment and research, Minister for Industry and Science, Ian Macfarlane announced.
The $25 million Carbon Capture and Storage (CCS) Research Development and Demonstration Fund will focus on transport and storage projects.
Australia’s primary markets in Asia are increasingly moving to reduce emissions from the use of fossil fuels. It’s important that Australia plays a role in developing low emissions technologies.
Industry's critical role
‘Australia has a diverse energy mix, made up of traditional energy sources such as coal, through to gas and renewables. The diversity of this mix will continue to underpin Australia’s economic future,’ Mr Macfarlane said. ‘Australia’s energy resources are one of our most significant competitive advantages.
‘Industry has a critical role to play in developing CCS technologies and investing in its own future, through the application of science and research in this field.’
The programme will address research priorities in CCS including subsurface knowledge and mapping, transport infrastructure, whole of chain integration and development of international collaboration and partnerships.
See Carbon Capture and Storage Research Development and Demonstration Fund for more information.