Australia’s CCS Flagship Program Funding Affected

This entry was posted by Monday, 14 February, 2011
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Australia is the world’s biggest coal exporter. It needs to invest maximum in carbon capture and storage. If Australia can come up with retrofitting models that can be fitted with existing coal power plants, it can extend the life span of its coal. Nothing better than capturing the carbon and sequestering it.

If Australian universities can do research in fields like saline aquifers, ocean storage – (most of the potential identified by Australia are in the ocean for storing of CO2) and

Coal bed methane among others, it would be leading the world in Carbon capture and Storage research. The Australian Government should be funding the most in doing research in different types of carbon capture. Carbon capture and Storage Flagship program of Australia is a very progressive and positive one.

The Australian Government has a comprehensive climate change policy to support its commitment to reduce Australia’s greenhouse gas emissions by 60 per cent on 2000 levels by 2050.

Everything was going well till the floods in the Queensland province. The floods caused extensive damage to the existing infrastructure and livelihood of millions of people has been threatened due to its extensive devastation. That was an immense national challenge of rebuilding flood-affected regions across Australia. The Government needed AUS $ 5.6 billion to rebuild the flood affected regions. The Government has decided that two-thirds of that funding of flood affected areas will be delivered through spending cuts across many flagship programs. The CCS program is one such program that faces a spending cut.

The Australian PM has announced spending cuts and deferrals of AUS$250 million to its Flagship CCS program and the Global CCS Institute to help pay for Queensland flood relief. AUS$160 million will be deferred until after 2015 while AUS$90 million will be cut from the budget.

It is somewhat paradoxical. The floods in Australia many propound is because of Climate change, a consequence of burning coal for power. The CCS flagship program is a visionary and hence the Australian government should spend more money in doing  research in fields like storing carbon dioxide in products viz Gasoline, cement, fertilizer, and in biomass co firing, mineral carbonation etc. The more innovations Australia makes, the more life they give for their coal and the mother earth.

 

Retrofitting

4 Responses to “Australia’s CCS Flagship Program Funding Affected”

  1. Natalia Peyton

    Australian plans to impose a set price on carbon emissions would affect fewer than 1,000 companies, Climate Change Minister Greg Combet said on March 7, 2011.

    Combet also said he expected Australia’s emissions trading scheme would be internationally compatible once the scheme had passed beyond its fixed price period, which will run three to five years from July 2012.

  2. Jonathan Fabey

    Australian government is betting a lot on the CCS technology and hence pumping in more funds in R&D of CCS. But the opposition party in Australia is a strong opponent to CCS funding program. The recent cuts in funding of CCS projects could be to pacify the critics within the country.

  3. Mia franceska

    Cutting down the funding and slowing down the Carbon capture and storage CCS flagship program is myopic.

    The more we delay carbon capture and storage, the more such floods are we going to see. If it is not floods it is going to be like the drought affecting Wheat crop in China which can bring about serious situations and very high food inflation all over the world.

  4. aathmika

    Australia is at present limiting its funding to CCS program, but is well aware of the significance such efforts in an economy that thrives on coal.The Government is confident that CCS technology will be demonstrated at a commercial scale by 2020. The Government is waiting on advice from the Independent Assessment Panel before making a decision on which of the shortlisted projects will be selected for further development and funding.


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