Carbon capture and storage in Australia information
Carbon capture and storage (CCS) is a technology that can capture carbon dioxide CO2 emissions produced from fossil fuels in electricity, industrial processes which prevents CO2 from entering the atmosphere. Carbon capture and storage is also used to sequester CO2 filtered out of natural gas from certain natural gas fields. While typically the CO2 has no value after being stored, Enhanced Oil Recovery uses CO2 to increase yield from declining oil fields.
There are no currently-operating large-scale CCS projects in Australia, although the Gorgon gas project will qualify when it is fully operational. Despite multiple CCS demonstration projects at Australian coal-fired power stations, none of Australia's coal plants are currently capturing CO2 or have a time frame for doing so. Australian Treasury modelling finds that CCS is not expected to be commercially viable until the 2030s.[1] The Intergovernmental Panel on Climate Change (IPCC) estimates that the economic potential of CCS could be between 10% and 55% of the total carbon mitigation effort until 2100.[2]
In the 2017 budget, the Turnbull government announced the cessation of the Low Emissions Technology Demonstration Fund in the 2017 financial year and the cessation of business case funding for the Carbon Capture and Storage Flagships program in financial year 2019.[3] This is on top of the 2015 budget, where the Abbott government cut $460m from CCS research projects leaving $191.7m to continue existing projects for the next seven years. The program had already been cut by the previous Labor government and much of the funding remained unallocated.[4]
^Rintoul, Stuart; Hepworth, Annabel (14 July 2011). "Treasury backs carbon capture". The Australian. Retrieved 5 September 2017.
^[IPCC, 2005] IPCC special report on Carbon Dioxide Capture and Storage. Prepared by working group III of the Intergovernmental Panel on Climate Change. Metz, B., O.Davidson, H. C. de Coninck, M. Loos, and L.A. Meyer (eds.). Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA, 442 pp. Available in full at www.ipcc.ch Archived 2010-02-10 at the Wayback Machine (PDF - 22.8MB)
^"Budget 2017-18 Budget Paper No. 1, Statement 6: Expenses and Net Capital Investment". Australian Government. pp. 6–33. Archived from the original on 7 September 2017. Retrieved 5 September 2017. This reflects a number of terminating measures, including the cessation of the Low Emissions Technology Demonstration Fund and Coal Mining Abatement Technology Support Package in 2016-17, and the cessation of funding for the development of a detailed business case for the National Radioactive Waste Management Facility and Carbon Capture and Storage Flagships programs in 2018-19.
^Lenore Taylor (2014-11-04). "Carbon capture and storage research budget slashed despite PM's coal focus". the Guardian.
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