Government seeks feedback on carbon capture and storage regime

Wed, 10 Jul 2024

Government seeks feedback on carbon capture and storage regime

NZ lags other jurisdictions in regulating carbon capture and storage. (Image: NZ Herald)

The Government is seeking feedback on a carbon capture regime for New Zealand it hopes will help mitigate greenhouse gas emissions.Its position is that, subject to consultation, carbon capture, utilisation and storage (CCUS) should be available as a way of reducing industry emissions. There wouldn't be any financial incentives, and the decision to use CCUS would be with individual businesses.Instead, its goal is to give CCUS a level playing field through regulation so it is an alternative to other measures, such as reducing emissi...

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