The Cooperative Research Centre for Greenhouse Gas Technologies (CO2CRC) has welcomed the announcement by Victoria’s Minister for Energy and Resources, Russell Northe, of an additional $5m for world leading research in carbon dioxide (CO2) storage at the Otway site.
CO2CRC CEO Dr. Richard Aldous today said the announcement—which followed a highly instructive examination of the international progress of carbon capture and storage (CCS) at Australia’s biennial National CCS Conference last week—showed the Victorian Government recognises the important role the technology has to play in tackling climate change.
“The Victorian Government’s commitment to reducing carbon emissions through its support of CCS research demonstrates tremendous leadership,” Dr. Aldous said.
“In a world in which demand for fossil fuels is projected to continue for many decades, we must embrace all technologies with real potential to limit, or prevent, carbon emissions from fossil fuel use. CCS is a vital component in that portfolio of technologies.”
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