* What’s carbon seize and storage?
It is a course of that goals to seize carbon dioxide emissions from burning fossil fuels and industrial processes to retailer them underground so they do not pollute the environment.
To make sure the CO2 is saved long-term, websites deep underground are sought the place emissions are saved in small pores or areas in rocks.
It requires intensive pipeline infrastructure to not solely transfer underground water however to inject the CO2.
* Does it work?
It relies upon who you ask. The federal authorities put $60 million in the direction of a multi-billion greenback CCS mission at Chevron’s Gorgon liquefied pure fuel facility and factors to it as a hit story. As a part of the ability’s approval Chevron agreed 80 per cent of the offshore fuel subject’s carbon dioxide can be buried.
The mission confronted delays earlier than beginning in 2019, however sand has just lately clogged elements of it so emissions will as a substitute be launched into the environment.
Critics say it isn’t profitable and is dearer than investing in renewable vitality.
* The place does the cash go?
The federal government has introduced an additional $263.7 million to assist develop CCS tasks, hubs and applied sciences. That’s along with $50 million in final yr’s finances for CCS tasks, and the $60 million to grease large Chevron.
* Are different nations taking a look at it?
The US is planning to boost tax incentives for CCS and double down on investments and it’s also a precedence for China and the UK.
* What about hydrogen?
The federal government has introduced one other $275.5 million to create regional hydrogen hubs throughout Australia, with places to be determined by 2022.
It is separate to 13 hydrogen hubs introduced by the Nationwide Power Assets Australia, though among the potential places double up.
* What’s hydrogen?
Hydrogen produces water vapour and warmth when burned, and is near a zero-emissions gas when produced from water utilizing renewable electrical energy, or from coal or methane mixed with carbon seize and storage.
* Why is it necessary?
The federal government is pinning its hopes on present vitality business employees finally transferring to the rising business. The 5 hub places would require a talented workforce, current infrastructure like ports and fuel pipelines, and be near vitality assets.
* Is it a clear vitality?
It may be if made with renewables. Nevertheless it will also be made with coal and fuel, an choice environmentalists say mustn’t happen.