Global energy trends make advancing carbon capture use and storage (CCS) more important than ever, says Minerals Council of Australia chief executive officer Tania Constable.
She was commenting after BP’s Statistical Review of World Energy showed coal generation was now the highest it has ever been – increasing 6.24 per cent over the past two years, representing 38 per cent of all electricity generation.
A further 200,000 MW of new coal-fired generation capacity is under construction globally.
“The global emissions trend means the ongoing development and cooperation in our region on carbon capture use and storage (CCS) is more important than ever,” Ms Constable said.
“MCA supports a measured transition to a low emissions global economy. This includes participation in global agreements such as the Paris Agreement, which would hold the increase in the global average temperature to well below 2°C.
“CCS is the only clean technology capable of decarbonising major industry. “
Ms Constable said Australian business and industry were actively working on pathways to net-zero emissions.
“A least cost approach to reducing greenhouse emissions is critical to ensuring Australian businesses and families and our energy trading partners continue to have access to affordable, reliable and sustainable supplies,” she said.