Clean coal gets $500m budget boost

CLEAN coal technologies received a boost in the Rudd Government's first federal budget handed down last night with $500 million injected into establishing a fund that will help reduce greenhouse gas emissions from Australia's coal-fired power stations.
Clean coal gets $500m budget boost Clean coal gets $500m budget boost Clean coal gets $500m budget boost Clean coal gets $500m budget boost Clean coal gets $500m budget boost

The National Clean Coal Fund will support activities and investments worth $1.5 billion in cooperation with the industry's COAL21 initiative and support from other stakeholders including state governments, researchers and industry.

It will also support a $75 million clean coal research program, a $50 million post-combustion capture plant in the La Trobe Valley and a $50 million pilot coal gasification plant in Queensland.

Funding for the National Clean Coal Fund will commence in 2008-09.

Resources and Energy Minister Martin Ferguson said coal, which provides around 80% of Australia's total electricity, accounts for around 32% of the country's total greenhouse gas emissions.

"Coal is vital to the Australian economy and to the developing world … therefore no serious response to climate change can ignore the need to clean up coal," he said.

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