Carbon credits and carbon capture and storage (CCS) were the hot topics being backed by the Australian Petroleum Production & Exploration Association (APPEA), the organisation that represents Australia’s upstream oil and gas industry.
In its submission to the Australian government’s draft carbon capture and storage (CCS) method for the Emissions Reduction Fund (ERF), APPEA said that CCS has the potential to deliver “step-change” emissions reductions.
Andrew McConville, Chief Executive, APPEA, said that the development of a method for CCS under the ERF is an important way to not only reduce missions but create thousands of jobs in the process.
“This is a chance Australia shouldn’t miss. CCS can help Australia to not only meet, but beat our emissions reduction targets.”, McConville said.
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