On 27 January 2011, Australia's federal government announced that it would delay and reduce the funding available to support its A$2 billion carbon capture and storage (CCS) Flagship funding program in order to support Queensland's flood recovery efforts. As part of those efforts, A$160 million in CCS Flagship funds will be deferred until after 2015, while A$90 million will be cut from the CCS Flagship budget altogether. Key tends in this On Point include: Funding deferrals indicate slipping development timelines. Storage concerns halt Queensland's involvement in ZeroGen. ZeroGen decision shifts focus to Wandoan, boosts GE's prospects.
On 27 January 2011, Australia's federal government announced that it would delay and reduce the funding available to support its A$2 billion carbon capture and storage (CCS) Flagship funding program in order to support Queensland's flood recovery efforts. As part of those efforts, A$160 million in CCS Flagship funds will be deferred until after 2015, while A$90 million will be cut from the CCS Flagship budget altogether. Key tends in this On Point include: