Jenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

As I explained in answer to an earlier question, the technology that underlies carbon capture and storage is quite mature. It has been around for 50 years. There hasn't been a particular need to do large-scale carbon capture and storage until recent times, when we have started to think about carbon abatement. Globally, I understand, there are around 35 commercial CCS or CCUS projects, which capture nearly 45 megatonnes of CO2 each year. Since 2022 there has been an increase of 44 per cent in the total capacity of CCS projects in development around the world—