[url=http://www.theage.com.au/national/climate-strategy-up-in-smoke-20120615-20f7i.html]Full article here[/url]
IT WAS the technology that was going to help underpin the nation’s climate change strategy. In 2009 the then prime minister Kevin Rudd pledged to ”lead the world” in carbon capture and storage technology which traps carbon dioxide emissions permanently storing them deep underground.
The Rudd and Gillard governments allocated almost $2.5 billion to push the idea which would be used to ”clean up” coal-fired power stations in Australia and in the countries to which we will export $44 billion worth of coal this year. But so far there is almost nothing to show for their effort.
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Instead the fledgling technology is struggling. Critical assumptions about when it will be available could be wrong with dire consequences for efforts to slow climate change and for Australia’s revenue base as the world’s largest coal exporter.
Read more: http://www.theage.com.au/national/climate-strategy-up-in-smoke-20120615-20f7i.html#ixzz1xtcVI5py