A Carbon Capture & Storage (CCS) project in Australia is getting A$100million (£68m) from the Australian government, the country’s Minister for Resources and Energy, Martin Fergusonannounced on Friday.
The CarbonNet project aims to capture carbon emissions from power plants, industrial processes and new coal-based industries in the Latrobe Valley and store it in geological basins.
Trade body Australian Coal Association (ACE) welcomed the funding. Its chief executive Dr Nikki Williams said: “This announcement recognises the important role Australia is playing in developing world class solutions to tackling greenhouse gas emissions. Carbon Capture & Storage is crucial to reducing emissions from the use of fossil fuels including coal and gas fired power generation.”