CCS projects unlocked under Emissions Reduction Fund
Draft carbon capture and storage (CCS) method for the Emissions Reduction Fund (ERF) released, for public consultation.
The federal government has released a draft carbon capture and storage (CCS) method for the Emissions Reduction Fund (ERF), for public consultation. The proposed method would enable projects that capture and permanently store greenhouse gases in underground geological formations to generate Australian carbon credit units. CCS is one of five priority methods being developed in 2021 under the ERF and it is a priority area under the government’s Technology Investment Roadmap.
The Minister for Energy and Emissions Reduction is required to consider a range of factors when deciding whether to make a new method. This includes whether an activity under a method could have any adverse social, environmental, or economic impacts. As such, feedback may cover adverse impacts that are likely to arise from carrying out a CCS project under the proposed new method. Information on the operation of the proposed CCS method is in the draft CCS Simple Method.
- Draft Carbon Capture and Storage method [469KB PDF] [1MB DOCX]
- Draft Carbon Capture and Storage Simple Method Guide [722KB PDF] [182KB DOCX]
- Draft Carbon Credits (Carbon Farming Initiative) Amendment (Carbon Capture and Storage) Rule 2021 [240KB PDF] [118KB DOCX]
For further information or to upload a submission, visit here