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Joint media release with Minister for Energy and Emissions Reduction Angus Taylor.
Carbon capture projects will get a boost through the Morrison Government’s $50 million Carbon Capture, Use and Storage Development Fund (the Fund), which opens today.
Carbon capture and storage technologies are one of five priority areas for investment under the Government’s Technology Investment Roadmap.
Minister for Energy and Emissions Reduction Angus Taylor said carbon capture technologies would be critical to achieving net zero emissions from power generation, natural gas and hydrogen production as well as process emissions from heavy industries like cement and fertiliser production.
“Australia has the potential to be a world leader in geosequestration. We have the right geology and storage basins,” Minister Taylor said. ....

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