Hydrogen and carbon capture utilisation and storage policy for progress on climate change mitigation
Thomas Koller A *A
Dr Thomas Koller is the Hydrogen and CCUS Regional Lead, APAC for DNV, advising on the energy transition and the opportunities and challenges of hydrogen and related technologies. He has a background in policy development, regulation, and law with experience from the UK, Europe and Australia. Thomas is passionate about accelerated action to combat climate change having worked in both the public and private sector to bring about transformative change. Prior to joining DNV, Thomas designed and directed the ‘Gas Goes Green’ strategic decarbonisation project for the regulated gas networks in the UK. He previously worked in the biomethane sector advising on green gas generation incentives, accreditation, certification, and policy. He has a Master’s in international law and a PhD in international environmental law. Thomas is based in Perth, Australia and works across Asia-Pacific. |
Abstract
This paper highlights the need for Australia to enhance its climate change policies, arguing that the introduction of Contracts for Difference (CfD) policy mechanisms is an appropriate successor to Hydrogen Headstart and would support the development of hydrogen and carbon capture, utilisation and storage (CCUS) industries. CfDs are financial agreements designed to provide price certainty, support investment, and bridge the cost gap between new and established technologies. With explanation of different CfD structures and examples from other countries the paper argues that implementing CfDs could attract investors, provide confidence to the sector, and ultimately help Australia meet its climate change obligations.
Keywords: carbon capture utilisation and storage, CCUS, climate change, emissions reduction, hydrogen, hydrogen strategy, incentives, mandates, new technology, policy, taxation.
Dr Thomas Koller is the Hydrogen and CCUS Regional Lead, APAC for DNV, advising on the energy transition and the opportunities and challenges of hydrogen and related technologies. He has a background in policy development, regulation, and law with experience from the UK, Europe and Australia. Thomas is passionate about accelerated action to combat climate change having worked in both the public and private sector to bring about transformative change. Prior to joining DNV, Thomas designed and directed the ‘Gas Goes Green’ strategic decarbonisation project for the regulated gas networks in the UK. He previously worked in the biomethane sector advising on green gas generation incentives, accreditation, certification, and policy. He has a Master’s in international law and a PhD in international environmental law. Thomas is based in Perth, Australia and works across Asia-Pacific. |
References
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