The Climate Change Authority announced the release of a new CSIRO report, CSIRO Sequestration Cost Reduction Workshops Report that provides information on the potential to lower the costs of sequestration technologies, which in turn could lead to greater uptake. The report provides key findings.
The report synthesises a series of expert workshops held to test the potential for technical innovation to reduce costs and increase carbon sequestration uptake across various technologies and approaches.
Growth in carbon sequestration, complementing strong and urgent emissions cuts, is critical to achieving the global goal of net zero emissions by 2050 and net negative emissions in the second half of the century.
The report is part of a two-year project collaboration between the Climate Change Authority, the CSIRO and the Clean Energy Regulator to understand and unlock Australia’s carbon sequestration potential.
More than 60 experts from industry, academia and government advised on innovation options for carbon sequestration approaches from planted vegetation and savanna fire management to direct air capture of carbon dioxide.
