"Short of underplaying the threat of climate change or denying the science that
underpins it, the fossil fuel industry’s only route to survival in a world of
net zero emissions is carbon capture and storage.
This week, the Morrison government splashed another $250m on CCS and also made
the technology eligible to generate carbon credits.
But to what end? According to the emissions reduction minister, Angus Taylor,
this will give our exports a “competitive edge” and let Australia “scale up
clean LNG production”.
University of Melbourne Associate Prof Malte Meinshausen, an expert on ways the
world could reach net zero, is less enthusiastic.
“In order to achieve the Paris agreement targets, in particular 1.5C, we
absolutely need CCS. But not in combination with fossil fuels,” he says.
“Wasting taxpayer money by supporting CCS in combination with a slowly dying
fossil fuel industry does not help anybody, certainly not the climate.”
Taylor and the gas industry both released remarkably similar statements
claiming international advisory organisations on energy and climate agreed with
them on CCS. It’s worth putting them side by side."
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics