The Morrison government is considering legislative changes to allow its clean energy agencies to fund carbon capture and storage from fossil fuel projects in a bid to unlock $2 billion of private investment to reduce greenhouse gases.
Energy and Emissions Reduction Minister Angus Taylor said emissions reduction policy driven by"technology not taxes" would attract significant private investment.The panel, chaired by former Business Council of Australia president Grant King, said the government would attract more private investment in the Emissions Reduction Fund if legislation were amended to "enable a method to be developed for carbon capture and storage".
"The government will target dollar-for-dollar co-investment from the private sector and other levels of government to drive at least $4 billion of investment that will reduce emissions across Australia," he said in a statement accompanying the report's release.
A more accurate title would be 'Coalition still without climate policy 7 years into their government'
Why not listen to industry they want cheap renewables like every other country in the world. Angus you really are an idiot!
Anything....just so long as you don't have to leave coal in the ground, is what they mean.
In time Nuclear will be king......all this solar and twirly whirlys are just evolution bullshit.
The little weapon of mass distruction was going to do that, didn't happen.
Yep That will reduce the world temperature by.......how much?
Read the article to see the BS ways the great financial managers of the LNP are using our money. And carbon capture? As the article says, it’s not proven anywhere.
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Source: abcnews - 🏆 5. / 83 Read more »