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The Global CCS Institute has welcomed the Australian Federal government’s announcement of AUS$539.2 million in funding for new carbon capture and storage (CCS) and hydrogen projects while stressing the need for long-term emissions reduction policy.
“The announcement from the Morrison government further reinforces that CCS is vital to reaching net-zero emissions by the middle of the century,” said Global CCS Institute CEO, Brad Page.
The announcement, which comes ahead of the climate summit hosted by US President Joe Biden, has pledged AUS$275.5 million to accelerate four regional, clean hydrogen hubs and AUS$263.7 million to support the development of CCS projects and hubs.