Clean coal lobby demands more federal funding

Developing ‘clean coal’ power plants won’t make business sense for at least two decades unless the Australian Government assists the carbon capture and storage industry more, says Dick Wells, Chairman of the National Low Emissions Coal Council. The Government has budgeted $1.68 billion for a carbon capture and storage ‘flagships’ program, but NLEC estimates $10-17 billion in development funding from public and private sources is necessary to make clean coal technology a commercial viable investment for power plants within the next decade.