The Petroleum Legislation Amendment Bill 2023 and the Petroleum and Geothermal Energy Safety Levis Amendment Bill 2023 propose to pave the way to enable the transport and storage of greenhouse gases in line with the WA Climate Policy and Greenhouse Gas Emissions Policy.
The Bill introduces a framework for greenhouse gas storage and transport while also regulating the exploration of naturally occurring hydrogen.
“The introduction of greenhouse gas storage and transport legislation is one of many options for the State’s response to climate change,” Minister Johnston said.
Minister Johnston noted that as part of this response, the Bill creates statutory certainty to support greenhouse gas storage projects and industry development.
CCUS involves capturing and storing carbon dioxide to reduce emissions from industrial-scale processes and projects.
CCUS is one instrument being utilised by hard-to-abate industries around the world to decarbonise their operations, and it is a mechanism that the State Government supports to reach net zero emissions by 2050.
“The Cook Government is aware industry is interested in exploring naturally occurring hydrogen as an alternative source of energy, and we’re committed to reducing emissions,” Minister Johnston said.
“Together, this amendment will assist Government and industry to progress towards the goal of reaching net zero greenhouse gas emissions by 2050.”