CO2CRC notes in its Insights Newsletter, July 2023, that the need for Carbon Capture and Storage (CCS) in Australia has become an issue of national importance. According to CO2RC, despite the surge in renewable energy adoption, the world remains largely reliant on fossil fuels, a dependency that is unlikely to vanish in the near term. “Australia, as a prominent contributor to global fossil fuel supplies, bears a unique responsibility in mitigating the environmental impact of these resources,” said Dr Mathias Raab, Chief Executive Officer, CO2CRC. “With significant upstream oil and gas operations, the potential to employ CCS on a large scale in Australia is considerable and critically important,” Dr. Raab said. “While the energy mix is changing toward lower-carbon options, with fossil fuels vital for decades to come, decarbonising the sector remains essential, and impossible without carbon capture, utilisation and storage.
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