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    Australia, ADB Establish Carbon Capture, Storage Fund

    By Ma. Rizza Leonzon // 27 July 2009

    The

    and Australian government have agreed to establish a trust fund to back the capture and storage of carbon emissions in Asia. Australia will grant 21.5 million Australian dollars ($16 million) for the Carbon Capture and Storage Fund, designed to support geological investigations and environmental studies, capacity building, and community awareness programs on the deployment of carbon capture and storage demonstration projects in the region.

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    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ma. Rizza Leonzon

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

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