Govt’s carbon capture policy to lead to more gas emissions

The Government’s new regulatory regime for carbon capture and storage will incentivise new offshore gas production and ultimately lead to more emissions from the petroleum industry, officials have found.
In an assessment of the climate implications of the policy, which is part of the Government’s approach to emissions reductions, officials found 1.3 million tonnes of greenhouse gas would be sequestered during gas production, but 1.4 million tonnes would be emitted due to the increased production from the Maui East gas field.