Session 8. Oral Presentation for: From carrot to stick – the impact of a changing landscape of CCS policy and funding in Australia since 1999
Rosie Johnstone A *A
Rosie Johnstone is a technical authority on carbon capture and storage (CCS) in Australia, engaging with federal and state government regulators, research institutions, local communities and emitters. Rosie has 25+ years’ experience in both oil and gas exploration and CCS across Australia, the Asia–Pacific region and the UK. Rosie was Shell Australia’s focal point for CCS sink identification in the Australia/Asia–Pacific region, from high-level screening to injection site planning in the Petrel Sub-basin. She joined GeoVault as Head of CCS Solutions in 2021 where she is now identifying and developing onshore CCS opportunities. She has a BSc (Hons) Geology from the University of Liverpool, UK and is the Interim Chair of the Carbon Capture Utilisation and Storage Network of Australia (CCUSNA) which formed in 2023. |
Abstract
Presented on Tuesday 21 May: Session 8
Since 1999 successive Australian Commonwealth governments have provided direct funding for carbon capture, utilisation and storage (CCUS) projects, notably the carbon capture and storage (CCS) Flagships Fund (Rudd government, 2009). The most recent CCUS Hubs and Technologies Fund (Morrison government, 2022) was later revoked (Albanese government, 2022) marking a shift from direct funding (‘carrot’) to emission reduction through a strengthening of the Safeguard Mechanism, the introduction of a 43% emissions reduction target by 2030, and the establishment of the Net Zero Authority (‘stick’). Reports such as the ‘Net Zero Mobilisation Report’, have delineated the need for, and size of, the role of CCUS in Australia, especially for hard-to-abate sectors and the report states ‘private investment in a CCUS industry requires targeted government support’ i.e. funding. As government focus moves from direct funding support for CCS to CCU and direct air capture (DAC), the development of underground geological storage of carbon dioxide will be largely left to fossil fuel emitters, especially large liquefied natural gas (LNG) companies, reflected in current Western Australian government policy (Cook government, 2023) to develop CCS strategy as part of the LNG Jobs Taskforce. The only current exception is CarbonNet, operated by the Victorian government and one of the early CCS Flagship funded projects.
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Keywords: Australian climate change policy, carbon capture and storage, carbon capture utilisation and storage, carbon sequestration, CCS, CCU, CCUS, funding, geological storage of CO2.
Rosie Johnstone is a technical authority on carbon capture and storage (CCS) in Australia, engaging with federal and state government regulators, research institutions, local communities and emitters. Rosie has 25+ years’ experience in both oil and gas exploration and CCS across Australia, the Asia–Pacific region and the UK. Rosie was Shell Australia’s focal point for CCS sink identification in the Australia/Asia–Pacific region, from high-level screening to injection site planning in the Petrel Sub-basin. She joined GeoVault as Head of CCS Solutions in 2021 where she is now identifying and developing onshore CCS opportunities. She has a BSc (Hons) Geology from the University of Liverpool, UK and is the Interim Chair of the Carbon Capture Utilisation and Storage Network of Australia (CCUSNA) which formed in 2023. |
