The cost of retrofitting carbon capture plants to Australia's existing power stations could be 25% lower than previously thought, according to research using Victoria's Hazelwood power station as an example.
A Coalition Government would use policy measures the Rudd Government 'has largely ignored', along with renewable energy and carbon capture and storage projects, to reduce Australia's net CO2 emissions by an extra 150 million tonnes a year, Opposition Leader Malcolm Turnbull said on the weekend.
Mining union leader Tony Maher says Poznan's failure to agree that CCS projects should be able to generate carbon credits under the Kyoto Protocol is only a temporary setback. Meanwhile, AIGN chief Michael Hitchens defends Australia's performance at the talks and the decision not to release targets.
In some circumstances the Federal Government should accredit state and territory approval processes as satisfactory for EPBC Act purposes, recommends a draft Productivity Commission report on the upstream oil and gas sector released this afternoon.
Queensland Minister for Mines and Energy Geoff Wilson has introduced a bill into Parliament to regulate carbon capture and storage projects that sets out a process for storage site leaseholders to surrender closed sites back to the State, but leaves them liable for damages claims under common law.
The Rudd Government's landmark legislation to enable offshore storage of greenhouse gases has passed the Senate, with Coalition-instigated changes to liability provisions. Senators of all political stripes agreed the bill would be closely studied around the world.