Coal industry funding clean-coal technology with $600 million levy; incoming federal government support needed
Posted by gmarkets on 17 October, 2007
In May, Australia’s black-coal industry recast a voluntary COAL21 Fund levy to raise in the order of $1 billion over the next 10 years with the aim of making affordable, low emission coal-fired electricity generation a reality, wrote Michael Roche, in The Courier Mail (9/10/2007, p. 61).
Coal industry’s commitment: The coal industry had undertaken to direct the Queensland share of the COAL21 levy — about $600 million — to local low-emission technology projects. The allocation of that $600 million — together with a taxpayer commitment of $300 million — was being overseen by the Queensland Clean Coal Council, chaired by Premier Anna Bligh and including Mines and Energy Minister Geoff Wilson, coal industry leaders and senior representatives of the research sector.
Roadmap top priority: The council’s top priority was to draw up a roadmap for clean-coal technology development and the assessment of individual projects. Australia needed a strong clean-coal research and development capability to complement and support demonstration and deployment efforts and they saw no better focus for that effort than Brisbane.
Government support requested: Queensland Resources Council was calling on the incoming federal government to support the establishment of a National Clean Coal Research Centre, utilising the adjoining facilities and exceptional expertise of the Queensland Centre for Advanced Technologies, and the Centres for Low Emission Technology and Coal in Sustainable Development.
The Courier Mail, 9/10/2007, p. 61