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Geosequestration

Geosequestration, the technology being promoted by coal corporations and governments to 'clean coal up' is economically, technically,and environmentally questionable. Even if it can be proven to be effective and environmentally acceptable, it is at least 10-15 years away from being commercially available.

Perhaps most importantly, not all the CO2 emissions can be captured, meaning it can never be a truly sustainable "zero emissions technology".

Our only sensible option is to plan for a future without coal.

Carbon Capture and Storage

Estimates Transcripts | Spokesperson Scott Ludlam
Thursday 30th October 2008, 1:05pm
in

Economics Committee

Manufacturing Division
Mr Peter Clarke, General Manager, TCF and Automotive Reviews

Senator LUDLAM-How much is the Australian government contributing to this initiative overall? You may have mentioned this figure in your opening remarks.

Mr Clarke-The Prime Minister's announcement was that the Australian government would fund the initiative at the rate of up to $100 million per year.

Senator LUDLAM-Is that going forward into the future for a specified period of time?

Mr Clarke-That program does not yet appear in the budget statements because we have not yet gone through the formal budget process, so I am unable to advise you on the longevity of that program at this time.

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