Oliver Yates, the inaugural chief executive of the Clean Energy Finance Corporation, says the government has made incorrect claims about the CEFC's existing powers, and has accused it of deception.
The federal government is targeting price reductions that would make CCS almost cost-neutral if it could earn carbon credits, allow green steel and aluminium to be produced with no price premium, and slash soil carbon costs by 90%.
The federal government will tip an extra $1.8 billion into climate action over 10 years, with a stronger emphasis on hard-to-abate sectors, hydrogen, transport, energy productivity, soil carbon and CCS.
The Morrison government today introduced a Bill establishing a new CEFC-administered $1 billion Grid Reliability Fund that will finance gas-fired generation, as well as transmission and energy storage projects.
After an economy-wide sweep that examined 140 emissions abatement options, the Morrison government today unveiled its long-awaited technology roadmap discussion paper.