The Australian government has introduced a A$25 million (US$19.6 million) funding for research into carbon capture and storage technology.
Minister for Industry and Science Ian Macfarlane said the funding was for the Cooperative Research Centre for Greenhouse Gas at the Otway project in the state of Victoria. “The grant ensures that this critical research continues for five more years and we expect to see important technological improvements to CCS modelling, monitoring and verification as a result,” Macfarlane said.
“The end goal is the wide scale deployment of an effective system for capturing carbon dioxide and storing it safely underground. Given Australia’s reliance on coal-fired electricity and our abundance of fossil fuels, funding this scientific research into CCS is a sensible investment in the nation’s future.”