|
|
|
The COAL21 initiative was established in 2003, bringing together the coal and electric power industries, unions, federal and state governments, and research organisations. The COAL21 National Action Plan adopted in 2004 provided a blueprint for demonstrating the technologies that would allow Australians to continue to use affordable coal-fired electricity but with significantly lower greenhouse gas emissions.
In 2006, the Australian Coal Association member companies established the COAL21 Fund, a voluntary company levy based on production volume. This levy is separate from and additional to existing levies such as the Australian Coal Association Research Program levy. The aim of the COAL21 Fund is to demonstrate the technical and economic viability of low-emissions coal technology, leading to commercial deployment by 2015.
Through the COAL21 Fund the Australian coal industry has committed $1 billion over ten years to research and demonstrate these technologies, including carbon capture and storage. This is in addition to billions of dollars invested by individual companies and state and federal governments.
More information about projects funded through COAL21 can be obtained through the NewGenCoal site.
|
|
|