âDouble-countingâ doubts cloud Santos CCS project
Jun 23, 2021 â 6.19pm
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Controversial claims that Santos is set to âdouble countâ emissions reductions that would be made through its proposed carbon capture and storage venture in South Australia have clouded the prospects for the project which is targeted for a final go-ahead in late September.
The Moomba carbon capture and storage project, expected to cost up to $US155 million ($205.3 million), is one of the key contributors for Santos to reach its target of net zero emissions by 2040, outlined to investors last December.
Santos will develop its CCS project in the Moomba gas fields in South Australia.Â
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Unlocking Carbon Capture and Storage Projects Under the Emissions Reduction Fund
Tuesday, 29 June 2021 Share this
The Morrison Government has today released for public consultation a draft carbon capture and storage (CCS) method for the Emissions Reduction Fund (ERF).
Accelerating the commercial deployment and uptake of CCS will help to significantly reduce Australia’s emissions while protecting industries and jobs, and creating new ones.
CCS is one of five priority methods being developed in 2021 under the ERF and it is a priority area under the Government’s Technology Investment Roadmap.
Minister for Energy and Emissions Reduction Angus Taylor said the ERF was one of the world’s most rigorous carbon offset programs and accelerating new projects to unlock the emissions and economic benefits of carbon capture technology was a focus of the Morrison Government.
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