Thirty projects are already up and running.Īustralia can ride this new global momentum. One of the important technologies for combating global climate change is CCUS (Carbon Capture, Utilization, and Storage), which aims to address the issue of greenhouse effect generated by a significant amount of greenhouse gas emissions. According to Bloomberg, investment has doubled in the past year, and there are now around 300 commercial projects in development. Kiverdi, after studying research and reports from NASA, developed a process using microorganisms to capture carbon dioxide and create useful oils and proteins. Once injection operations are at full capacity, the company said, each year 3 to 4 million tons of naturally occurring carbon dioxide produced with the natural gas will be captured and injected into a deep sandstone formation around 1.5 miles beneath the island. Over its 40-plus years’ life, Gorgon is expected to store 100 million tonnes of emissions.ĬCUS is backed by authorities such as the CSIRO, the IEA and the Intergovernmental Panel on Climate Change as critical to getting to net zero by 2050 – reducing emissions from industrial facilities, kick-starting low-carbon hydrogen, and removing carbon directly from the atmosphere.ĬCUS also has huge potential economic benefits including creating new jobs, and securing jobs in existing heavy industries.Ī growing number of countries have already realised the enormous potential of CCUS. Oil companies use cunning tactics to stop action on climate change, a professor said. The facts on the ground are that the project has stored over 7.5 million tonnes of CO2 since 2019 – more than one year’s worth of the total emissions reductions required from all 215 facilities covered by the proposed safeguard mechanism reforms. How fossil fuel companies use propaganda and disinformation to derail efforts to tackle climate change. There has been debate over the Gorgon CO2 injection project.
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