Australian CCS stagnates amid political hesitation
Government’s latest budget suggests it remains on the fence about the role of CCS in the energy transition
In its 14 May budget, Australia’s Labor government unveiled a A$32m ($21.23m) commitment to develop rules and international trade arrangements for CCS. At the same time, it earmarked A$566m over the next ten years for Geoscience Australia’s Resourcing Australia’s Prosperity (RAP) programme. RAP’s mission is to map the country’s on- and offshore resources, and the funds will help the body identify offshore “sites for CCS, as well as possible sites for clean hydrogen projects”. While the government almost tripled the CCS funding from last year’s budget, both budgets limited spending to the clarification of rules rather than direct project support. This is a far cry from the previous Coalition

Also in this section
19 June 2025
Andean country has become a leading destination for voluntary carbon credit investment, but challenges remain
18 June 2025
Gas Processors Association Europe brings together leading specialists at annual event in Netherlands to analyse the challenges and opportunities presented by technology at heart of Europe’s decarbonisation strategy
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development