Some news from MK:

Remarks to the Carbon Capture APAC 2024 Conference

Last November, the International Energy Agency reiterated that carbon capture, use, and storage remains a vital technology for achieving net zero emissions.

This is a welcome vote of confidence in carbon capture and storage.

But there is solid evidence this technology works – and that it will improve with time. That is the story for all technology.

The Australian Government’s focus is on developing policies that promote the further deployment of carbon management technologies.

Australia is fortunate to have large, stable offshore formations that are suitable for containing CO₂.

But we know that new sites need to be identified to drive private investment into these storage projects.

To that end, we’re investing $3.4 billion over 35 years in the Resourcing Australia’s Prosperity program.

This Geoscience Australia initiative will finalise several national-level offshore maps and deliver information that will help de-risk investment into offshore injection and storage sites.