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Carbon capture and storage to get another $50 million

The Morrison government will put another $50 million into carbon capture and storage technology, following more than $1 billion in taxpayer subsidies and investment from the fossil fuel sector since the early 2000s.

This is part of the government's $1.9 billion "new technologies" package, aimed at funding fledgling projects such as making gas-fired hydrogen fuel – a process that still needs CCS as the process releases carbon dioxide that has to be buried if the hydrogen is to pass as clean energy.

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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au

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    Original URL: https://www.afr.com/companies/energy/carbon-capture-and-storage-to-get-another-50-million-20200917-p55wii