1. CCS POLICY IN AUSTRALIA
Carolyn Barton - Counsellor (Resources and Energy)
Australian Embassy, Tokyo
19 June 2014

2. Introduction
 Budget 2014 outcomes
 Emissions Reduction Fund
 Energy White Paper
 Policy settings in Australia
 Key projects
 International Collaboration

3. Australian Government Funding:
 CCS Flagships Program - $130.2 million to 2016-17
 National Low Emissions Coal Initiative - $96.6 million to
2016-17
2014 Budget Outcomes

4. Emissions Reduction Fund
 Two elements: crediting and the
safeguards mechanism
 Crediting:
Australia’s emissions intensity
Note: Emissions are presented using
the Intergovernmental Panel on
Climate Change’s Fourth Assessment
Report global warming potentials.
 Safeguard mechanism
• $2.55 billion for buying low cost,
verifiable, genuine emissions
reductions
• Begins 1 July 2014
• Will cover 130 businesses
representing 52% of
Australia’s emissions
• Begins on 1 July 2015
 No carbon tax or emissions
trading scheme

5. The Energy White Paper is part of a
broader package of Government reforms
To present an integrated and
coherent Australian Government
position on energy policy
 Mid 2014 - Green paper release
 End 2014 - White paper release
 For further developments see the
website: www.ewp.industry.gov.au

6. Policy setting in Australia
 Policy case for CCS remains
 Changed budget settings
 Strategic focus on key priorities
 Partnership with industry
 International collaboration

7. Key projects moving ahead
Gorgon
LNG Project
Callide Oxyfuel
Project
CO2CRC Otway
Project
South West
Hub Project
CarbonNet
Project

9. Bonaparte Basin/Petrel sub-basin identified as a
plausible CO2 storage site with 15.9 GT capacity
 $10 million regional assessment of CO2 storage potential for targeted basins
 Darwin region is a prospective future regional CCS hub storing CO2 emissions from LNG
operations (potentially 14 MTPA emitted)
 Geoscience Australia’s 30 year simulation (right) is well within basin capacity and pressure
constraints
Source: Regional assessment of the CO2 storage potential of the Mesozoic succession in the Petrel Sub-basin, Northern Territory, Australia;
Geoscience Australia; 2014 www.ga.gov.au

10. International Collaboration on CCS
 Global Carbon Capture Storage Institute
 Carbon Sequestration Leadership Forum
 International Energy Agency
 Bilateral relations with Japan, China and the
European Commission
 Australian Department of Industry
 Callide Oxyfuel project
 Gorgon project
 CarbonNet project ?
 Future projects ?
Australia – Japan Bilateral relations:

11. DEPARTMENT OF INDUSTRY
Industry House
10 Binara Street
Canberra City, ACT 2601, Australia
Telephone +61 2 6213 6000
Thank you