Low emissions technology to receive $500m boost from Coalition’s new $1bn fund
by Paul Karp from Environment | The Guardian on (#5RPVF)
Rules will be changed to allow Clean Energy Finance Corporation to invest in carbon capture and storage before fund set up
The Morrison government will invest $500m into a new $1bn fund to help commercialise low emissions technology, including carbon capture and storage (CCS) and soil carbon.
The fund will be administered by the Clean Energy Finance Corporation after the Coalition legislates new rules allowing it to invest in CCS, a controversial technology experts warn can't be relied on to do the heavy lifting of Australia's emissions reduction.
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