Document ID: chunk:federal_register_of_legislation:F2023L01486:reg:5
Version: federal_register_of_legislation:F2023L01486
Segment Type: reg
Provision Reference: reg 5
Character Range: 2872–3797

5  Prescribed program
 (1) For the purposes of subsection 33(1) of the Act, the Carbon Capture Technologies Program (the program) is prescribed.
 (2) The program provides funding to support the research, development and demonstration of carbon dioxide capture and carbon dioxide utilisation technologies.
 (3) The purpose of the program is to:
 (a) reduce greenhouse gas emissions to contribute to meeting Australia's greenhouse gas emission reduction obligations; and
 (b) accelerate the research, development and demonstration of emerging and priority carbon dioxide capture and carbon dioxide utilisation technologies to:
 (i) broaden the application of carbon capture, use and storage technologies to include hard-to-abate sectors (including the cement, chemicals and steel sectors), other non-energy industrial emissions and negative emissions technologies; and
 (ii) assist in reducing the costs of such technologies.