Carbon capture and storage (CCS) has the potential to lower Australia’s greenhouse gas (GHG) emissions. Investing in this research supports the global development of GHG capture technology and storage capacity.
GHG storage is geology-specific. The Australian Government, along with state and territory governments, are investigating several GHG storage sites.
These storage sites are supported through:
Government released sites
The Australian Government has released offshore acreage so that these sites can be explored and tested for their suitability to store GHG. GHG storage explorers were given the opportunity to secure the exploration permits to assess potential storage formations.
The first GHG storage assessment acreage was released in 2009. The Victorian Government was awarded a greenhouse gas assessment permit (VIC-GIP-001) for the CarbonNet project in 2012. This permit covered 4,400 square kilometres off the Gippsland Coast, for a six year period.
The second acreage release took place in 2014. The Victorian Government was awarded a further three greenhouse gas assessment permits in 2015.
Find out about previous release areas, bid closing dates and Greenhouse Gas Assessment Permits in the Australian Government Notices Gazette.
2014 GHG Acreage Release Areas
Find out about research and development into low emission technologies for fossil fuels.