Political interference a key risk to emissions reductions, experts say

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Funding for carbon capture projects could lead to greater emissions reductions, but experts warn political interference could harm renewable energy.

Rewriting government funding laws allowing for carbon capture from fossil fuel projects could lead to greater emissions reductions, experts say, but they warn against political interference in independent decisions that would risk advantaging fossil fuels at the expense of renewable energy.accepted recommendations released in the King review of the Climate Solutions Fund

Angus Taylor may settle for new regulations that permit the CEFC and ARENA to fund projects that merely facilitate carbon capture.The review said legislation governing the Climate Solutions Fund, as well the Clean Energy Finance Corporation and the Australian Renewable Energy Agency should be changed to a "technology-neutral remit so they can support key technologies across all sectors".

Kevin Gallagher, chief executive of gas company Santos, said carbon capture and storage "can facilitate the fastest route to a hydrogen fuelled economy". Institute for Energy Economics and Financial Analysis director Tim Buckley said carbon capture and storage technology for fossil fuels was "irrelevant" under the Paris Agreement, which meant Australia had just "30 years to transform its industrial complex".

 

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Experts? Does this idiot know the word?

Leadership vacuum and a politically motivated campaign of climate denial deception. Surely Australians having woken up to climate denial by now?

Renewable energy is a fraud

CCS has been nothing more than a sink hole sucking in billions without delivering a single operating commercial scale plant. But the fossil fuel companies love it as they get compliant governments to pay for it while they continue to screw us.

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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 »