Jane Hume (Victoria, Liberal Party, Minister for Superannuation, Financial Services and the Digital Economy) Share this | Hansard source

The government is committed to supporting the future of jobs in our resources and manufacturing sectors while driving down our emissions. If successful, this disallowance will prohibit millions in funding for carbon capture and storage, which is essential technology for reducing carbon emissions in manufacturing and heavy industry. CCS is an accepted technology that is being invested in by the Biden administration, the UK, the EU, Japan, Singapore, Canada and Korea as part of their plans to reach net zero emissions. The IEA has said that CCS is essential to meeting climate goals. If successful, this disallowance will abandon jobs in our resources, energy and manufacturing sectors.