WHAT WE DO
Limiting global temperature rise from climate change requires a reduction in global CO2 emissions. And achieving emissions reduction at the lowest cost while maintaining a reliable energy supply poses a significant challenge.
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).
The Fund is supported by a voluntary levy on coal production and includes 26 investors from among Australia’s black coal producers. View the Fund’s list of members.
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.
A DECADE OF ACHIEVEMENT
Between 2006 and 2016, the Fund invested $300 million in the development of low-emissions technologies. This has led to:
the identification of prospective geological sites suitable for carbon storage
an understanding of the technical and financial viability of different carbon capture and storage technologies
progress in developing safe methane emissions reduction technologies for coal mines
A RENEWED COMMITMENT TO REDUCING EMISSIONS
In 2017, the COAL21 Fund made a new commitment of $255 million to fund a further decade of carbon capture and storage development in Australia.
The COAL21 Fund has invested in a range of projects aimed at building community confidence in CCS technology for safe, long-term CO2 storage, and in ensuring emissions from coal mines can be safely abated. These projects are listed below.
|Projects: Current||Funding: COAL21||Funding: Total|
|CTSCo Carbon Storage Assessment: Qld||$15.2M||$24M|
|University of Queensland: Carbon Storage Assessment: Qld||$7.7M||$15.1M|
|Coal Innovation NSW: Carbon Storage Assessment: NSW||$13.3M||$36.7M|
|ANLEC: Research & Development Support||$76.9M||$150M|
|Otway: Research & Development Support||$12.5M||$100M|
|University of Newcastle: Methane Reduction: Industry Guidelines||$12.5M||$26.9M|
|Centennial Coal: Methane Reduction: Demonstration||$13.4M||$30.8M|
|University of Newcastle: Methane Reduction: Chemical Looping||$2.7M||$5.4M|
|Projects: Completed||Funding: COAL21||Funding: Total|
|ZeroGen: Carbon Capture: Integrated Gasification Combined Cycle
ZeroGen: Carbon storage assessment: Northern Denison Trough
|Wandoan: Carbon Capture: Integrated Gasification Combined Cycle||$6.6M||$19.2M|
|CTSCo: Carbon storage assessment: Surat Basin||$8.9M||$16.5M|
|Callide: Carbon Capture: Oxyfuel Demonstration||$82.8M||$245M|
|DELTA: Carbon Capture: Post-combustion||$0.7M||$2.1M|