The Turnbull government will test support for coal in Parliament by introducing changes that would allow the green bank to invest in carbon capture and storage technology if it cuts pollution by at least half.
|Carbon capture and storage technology buries emissions underground.|
Environment and Energy Minister Josh Frydenberg said the Clean Energy Finance Corporation [CEFC] would have its mandate expanded so it could back fossil fuel power plants that include the technology, sometimes described as "clean coal”.
The technology, which involves capturing the emissions at the source and burying them underground, was explicitly banned when the CEFC was set up under a Labor-Greens agreement in 2011.
Read the story by Adam Morton and Peter Hannam in today’s Melbourne Age - “Turnbull government to allow green bank to fund 'clean coal’.”