Document ID: chunk:federal_register_of_legislation:F2021L01593:reg:5
Version: federal_register_of_legislation:F2021L01593
Segment Type: reg
Provision Reference: reg 5
Character Range: 2841–3941

5  Prescribed program
 (1) For the purposes of subsection 33(1) of the Act, the Carbon Capture, Use and Storage Hubs and Technologies Program (the program) is prescribed.
 (2) The program provides funding to support:
 (a) research, development and commercialisation of projects and technologies for:
 (i) the capture of carbon dioxide for subsequent use or storage; and
 (ii) the use or storage of carbon dioxide; and
 (b) the identification of suitable locations for the storage of carbon dioxide; and
 (c) the design and construction of shared infrastructure for the transport and storage of carbon dioxide.
 (3) The purpose of the program is to:
 (a) reduce greenhouse gas emissions in a manner that contributes to meeting Australia's emission reduction obligations; and
 (b) accelerate the commercialisation of technologies for the capture, use or storage of carbon dioxide and support industry investment and collaboration in deploying those technologies; and
 (c) encourage and support the development of prospective hubs related to the capture, use or storage of carbon dioxide in Australia.