New report highlights the role of carbon sequestration in energy transition

April 20th, 2023

The CarbonLock FSP has contributed to a new report on the role of carbon sequestration in accelerating Australia’s decarbonisation.

The Climate Change Authority’s latest report highlights the essential role that carbon sequestration will play in Australia’s decarbonisation journey.

The paper contains 23 policy insights for policymakers, emitters and markets. It has been designed to help stakeholders better understand how sequestration can be scaled-up, accelerated and used responsibly.

It summarises the Authority’s policy insights that follow from the CSIRO’s technical report titled Australia’s Carbon Sequestration Potential, led by the CarbonLock Future Science Platform and Towards Net Zero Mission.

CSIRO experts respond

Dr Andrew Lenton, CarbonLock Future Science Platform Director, said that negative emissions technologies that are fast-acting, scalable, cost-effective and responsible will be critical in Australia’s path toward net zero emissions.

“This paper highlights Australia’s natural advantages that position us as a global leader in developing these technologies and provides critical insights into developing this potential,” Dr Lenton said.

The CarbonLock Future Science Platform is currently exploring the potential to scale up carbon sequestration, with an initial focus on direct air capture, biologically-enhanced carbon removal, carbon mineralisation and ocean-based storage.

Dr Michael Battaglia, CSIRO’s Towards Net Zero Mission Lead, emphasised the important role that carbon sequestration approaches play in the journey to net zero.

“To transition to a net zero world, it’s not enough to simply lower our emissions. We need to permanently remove significant amounts of greenhouse gases from the atmosphere, requiring accelerating the development of carbon sequestration technologies,” Dr Battaglia said.

The Climate Change Authority is a statutory body that was established in 2011 to provide expert advice to the Australian Government on climate change policy.

Read the report

The Insights Paper can be downloaded here: PDF Word

More information

Towards Net Zero Mission