Achieving emissions reduction at the lowest cost while maintaining a reliable energy supply poses a significant challenge for Australia.
The COAL21 Fund was established in 2006 to meet this challenge as the foundation of the significant investment by the Australian black coal industry in the demonstration of low-emissions coal technologies, such as carbon capture and storage (CCS).
COAL21 primarily invests in the development of low-emissions technologies for the coal-fired power generation sector and in emissions reduction from coal mines, though other industries that use coal are also considered for investment.
Between 2006 and 2016, the Fund invested $300 million in the development of low-emissions technologies, with a new commitment of $255 million made in 2017.
The timeline below provides an overview of what has been achieved through COAL21’s investment in projects supporting the development of low-emissions technologies for the coal-fired power generation sector.
TIMELINE OF ACHIEVEMENT