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.
Morrison & Taylor...the song remains the same... profit for our mates...
Why does this keep coming up? Nobody has come close to making it work in 25 years. There is one known method - grow lots of trees and use timber for construction instead of bricks and concrete.
ScottyFromCoalGate ScottyFromMarketing
Let’s support China and import more expensive, unreliable solar panels and wind turbines to finish off destroying what’s left of our economy.
It's a failed technology (10yrs ago)
Why spend taxpayers money on carbon capture and storage experiments when it’s cheaper to not make ongoing emissions at all... why are taxpayers subsidising shareholders?
So, can this publication name 1 successful CCS project anywhere in the world?
Gnarls Barkley - Crazy
It's already captured. It's in the ground. Stop digging it up!
Its time to put sociopaths and rich criminals back in their place..
Scott Morrison is not government, it is not his government and people will capture him before they capture carbon and put him in jail where he belong with bankers that await the death penalty.
I heard this more than ten years ago, but power plants like this is still very rare in the world. Is it because it would conflict with the interest of fossil fuel provider？
Awesome!
Useless puppets
In other words: Let's steal taxpayers money so we can give it to our donors to pretend to do something that everyone knows won't work.
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Government looks to carbon capture for climate actionThe Morrison government considers legislative changes to allow its clean energy agencies to unlock $2b in private investment. 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. Yep That will reduce the world temperature by.......how much? The little weapon of mass distruction was going to do that, didn't happen.
Source: theage - 🏆 8. / 77 Read more »
Government to expand $2 billion Climate Solutions Fund | Sky News AustraliaEnergy Minister Angus Taylor says Australia has been able to 'achieve its emissions reduction targets at $12 a tonne' as the government looks to expand its $2 billion Climate Solutions Fund.\n\nThe fund was expanded to finance emissions reduction across a range of high-carbon sectors, including manufacturing, transport and agriculture.\n\nAn extensive review found the $2 billion fund was not providing the best incentives for carbon abatement projects.\n\n'Australia as a country has succeeded in these fantastic sectors like mining and agriculture because we've been prepared to deploy technologies that can help these industries prosper,' Mr Taylor said.\n\n'The focus historically has been very much on land use. What this report is proposing and what we're accepting is it needs to get beyond that and focus on industry.'\n\nThe government accepted 21 out of 26 recommendations from the review, including enabling subsidies for carbon capture and storage.\n\n'This is a great opportunity for us to really support those sectors coming out of COVID-19 - that have been strong sectors through COVID-19 - but we see enormous potential for them coming out,' he said.\n\nImage: Getty AngusTaylorMP Climate change is a HOAX! climatehoax Agenda21 AngusTaylorMP Why are we wasting money on a Chinese hoax? Australia for Australians. AngusTaylorMP 'Climate solution fund'......is an admission that science is an alien language.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia’s most senior former public servants and scientists reveal their anger about climate policy failure - ABC NewsFormer chief scientists and senior public servants are no longer staying silent about what they believe has been a colossal failure by politicians of all stripes to comprehensively tackle climate change. 'For a party that is a validly committed to acting on climate change, to actually tear down what was put in front of them, I think is unconscionable,' Dr Parkinson said. Pure spite by The Greens because it wasn't their idea put us back 20 years. Seriously, I would be worried about the current wave of restrictions re Covid-19 being lifted. A second wave of outbreaks is very likely based on proven stupidity of those currently roaming Australia - Petri dishing out the virus !! How typical of you ABC.
Source: abcnews - 🏆 5. / 83 Read more »