BCIA today announced funding for five research and development projects which will target improved efficiency and significantly reduced carbon emissions from brown coal power generation in Victoria and throughout the world.
Victorian Minister for Energy and Resources Russell Northe said “Victoria has a great opportunity to capitalise on projects such as this with its abundant reserves of brown coal which, with the right measures in place for making brown coal an efficient and sustainable industry, has great potential for boosting the economy.”
BCIA Chief Executive, Dr Phil Gurney, said: “Our 2013/14 R&D funding round demonstrates there is substantial international and domestic commercial interest in securing a sustainable future for Victoria’s vast and unique brown coal resource; one of the largest and lowest cost lignite coal resources to be found anywhere in the world."
BCIA today announced international and Australian-based companies had earmarked nearly $8.4 million in industry funds for research and development to reduce greenhouse gas emissions and improve the efficiency of low-emissions brown coal power generation.
Innovation of low-emissions technology for brown coal usage requires major investment over a long period of time: up to 20 years from research concept to market development. Additionally, the availability and accessibility of human resource expertise is of critical concern for coal-based industries throughout the world.
Australia has vast world-class brown coal resources; totalling about a quarter of all known reserves. Low-emissions technologies, for both electricity generation and value-added products derived from brown coal, can limit damaging climate change and safeguard the nation's future economic prosperity.