The federal government will tomorrow introduce a bill that would allow the Clean Energy Finance Corporation to finance carbon capture and storage projects.
The federal and Victorian governments should clarify exactly what constitutes leakage from a site that is used to store CO2, according to HWL Ebsworth partner Dr Meredith Gibbs.
The Federal and Victorian governments today jointly committed $100 million to a CCS project that aims to exploit the Latrobe Valley's vast brown coal resources while sharply reducing emissions.
If the fossil fuel industry doesn't invest in CCS then its many critics will continue to demonise it, Energy Minister Martin Ferguson has told the Global Carbon Capture and Storage Institute, at today's launch of the institute's global CCS stocktake.
The Coalition won't succeed in dismantling the carbon price scheme, partly because the bills define permits as property, Assistant Climate Change Minister Mark Dreyfus said today, while also expressing concern at the high costs of emissions auditing.