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.
NSW today introduced a bill to establish a 'clean coal' fund that could receive hefty contributions from the coal industry. But, unlike similar Queensland legislation passed last year, it doesn't commit the state to lobby for industry contributions to be treated as offsets under an emissions trading regime.
Meanwhile, Prime Minister Rudd and Climate Change Minister Penny Wong announced funding for cleaner coal projects in China and for a carbon accounting pilot project to help China prepare for 'possible participation in future global carbon markets'.