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".
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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Source: SkyNewsAust - 🏆 7. / 78 Read more »