The Coal21 fund is an industry fund initiated by the Australian Coal Association which will raise A$1 billion over approximately ten-years to support research, development and demonstration of low emissions coal technologies to combat climate change.
The fund is managed by the Australian Coal Association Low Emissions Technologies Ltd. (ACALET). The proceeds of the fund are derived from a voluntary levy on black coal producers.
EXPERIENCE:
COAL21 has committed:
Project
COAL21 Funding Commitment
(A$m)
Queensland
ZeroGen IGCC with CCS Stage 1 Feasibility Study and subsequent Large Scale Pre-Feasibility Study
46.20
Wandoan IGCC with CCS Pre-feasibility study
14.30
Callide Oxyfuel Project Construction and Operation
67.90
Qld Geostorage Initiative Scoping and Delivery
20.00
Remaining QLD IGCC+ CCS Project Funds (Balance of $300m)
