Reuters logo
Australian government supports public funding for 'clean coal': media
February 4, 2017 / 5:12 AM / 10 months ago

Australian government supports public funding for 'clean coal': media

SYDNEY (Reuters) - Australia’s resources minister said the government is considering providing public funds for the construction of new “clean coal” power stations in the country’s north, The Australian newspaper reported on Saturday.

A ship is loaded with coal at the RG Tanna Coal Terminal located at the town of Gladstone in Queensland, Australia, June 12, 2015. REUTERS/David Gray/File Photo - RTSNALJ

Matthew Canavan said he was open to using some of the A$5 billion ($3.84 billion) Northern Australia Infrastructure Fund (NAIF) to help build new high-efficiency coal-fired power plants in the state of Queensland and had already received interest from a number of parties, including from abroad.

“The NAIF is already looking at some renewable energy ­options in the north and investments in renewables will be an important part of our energy mix,” he told a business meeting in the Queensland town of Mackay on Friday.

“But we need base-load power and coal is the obvious option in the north given our high-quality ­reserves — some of the best in the world.”

Prime Minister Malcolm Turnbull has flagged energy security as a primary focus for 2017 and said earlier this week Australia’s energy policy should be “technology agnostic”.

Australia has invested A$590 million in clean coal technology research and demonstration since 2009, yet the country does not have one high-efficiency low-emissions coal-fired power station, he said.

Coal-fired power plants dominate the country’s power sector, making Australia one of the world’s biggest carbon emitters on a per capita basis.

Renewable energy has struggled to increase its footprint due to policy uncertainty and scepticism over climate change amongst some the country’s leading politicians.

($1 = 1.3016 Australian dollars)

Reporting by Harry Pearl; Editing by Sam Holmes

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below