The Federal Government has pledged $100 million to the establishment of a global institute for carbon capture.
According to Prime Minister Kevin Rudd, all the major models that have been designed to achieve lower greenhouse gas emissions use the idea of carbon dioxide capture and storage known as CCS.
”The clarion call from industry [has been] let’s get this going,” he said.
The institute was needed to ”close the information gap, identify projects and organise finance and to turn all these aspirational statements into reality”, putting an end to the ”litany of good intentions”.
The Opposition attacked the announcement as the latest of Mr Rudd’s ”desperate attempts to make a splash on the global stage”.
Shadow climate minister Greg Hunt and shadow resources minister David Johnston said Mr Rudd had only rebadged various Howard government initiatives, some of them seven years old.
The previous government committed $400 million to help develop clean-coal technology, including $100 million for a $750 million, 400 megawatt power plant in Victoria’s Latrobe Valley.