Category: ccs

Australian Government Supports Carbon Capture and Storage Witih Scarce Funding

May 18, 2023
AustraliaBusiness & Marketscarbon capture and storageccsenergyglobal warmingInflation Reduction ActMadeleine Kingnet zeroWorld
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Federal Resources Minister Madeleine King has supported carbon capture and storage (CCS) as the way for the industry to reach net-zero emissions. “Traditional commodities, including our energy resources, will play an essential role in supporting Australia’s economy transition to net-zero while also continuing to underwrite energy security for our key trading partners,” King said at the APPEA…

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Eco-Activists Are Trying to Kill Green Tech That Could Eliminate Emissions From Fossil Fuels

December 20, 2022
carbon captureccsclimate changeclimate crisisfossil fuelsglobal warminggreenhouse emissionsInternationalIPCCnet zeroSierra ClubUnited NationsWorld
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Although the United Nations states that carbon capture and storage technology (CCS), equipment that enables fossil fuel producers to sequester emissions to mitigate global warming, is needed to meet emissions reduction targets, multiple climate activist groups oppose its development as they believe CCS entrenches the oil and gas industry. The U.N. Intergovernmental Panel on Climate…

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Australian Renewable Agency Blocked from Funding Low Emissions Technologies

June 23, 2021
Asia & PacificAustraliaccsGasGas-Fired RecoveryInternationalOilSOLARTechnology Investment RoadmapwindWorld
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The Australian Government’s plan to use its Renewable Energy Agency (ARENA) to bankroll the development of low emissions technologies has been extinguished after a bill it banked on passing was blocked, stopping access to billions of dollars in funds. Last year’s 2020-21 federal budget (pdf) had allotted $1.6 billion (US$1.2 billion) to ARENA in the…

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