NEW REPORT BACKS CARBON CAPTURE AND STORAGE IN AUSTRAIA
An independent report commissioned by government, industry and research organisations confirms the viability of CCS technology in Australia and has laid down a comprehensive plan for its deployment.
The Roadmap can be downloaded below. Key messages from the Roadmap include:
- CCS must be available on its merits in Australia’s energy mix to assure energy system security and affordability so that future emissions reductions targets are delivered at the lowest economic cost.
- CCS is required in the power sector (coal and gas generation) but will also play a vital role in decarbonising energy intensive industries, which involve the continued use of fossil fuels.
- CCS is not an experimental technology. It is being deployed or available now at commercial scale to provide a competitive, carbon reduction option for reliable 24-7 power from fossil fuels.
- CCS development, integration and a focus on cost reduction is ongoing including opportunities to decarbonise a number of existing and prospective emissions-intensive industries including natural gas and LNG production, iron and steel making, cement production, fertilisers, chemicals and textiles.