Institute submission to Australian Government review of climate policies

Organisation: Global CCS Institute

On 5 May the Institute lodged a submission in response to the Australian Government’s discussion paper on its review of climate change policies. This review is being undertaken at a critical time in the Australian energy and climate policy space, and is a stocktake of the Australian Government’s actions towards achieving Australia’s 2030 emission reduction targets and commitments under the Paris Agreement. The Institute’s submission points out the recent progress on large scale CCS facilities around the world and the important role of CCS in meeting Australia’s long-term emission reduction targets in a range of sectors. Central to this is providing policy parity to CCS, which will ensure emission reduction targets are met at least cost and with the optimal mix of technologies. The submission also makes broader recommendations for the Government’s review including the need to set legislated long-term targets that are supported by interim carbon budgets, periodic reporting of progress against targets and better coordination of state, territory and federal government policy.