PM warned against relying on carbon capture and storage

Prime Minister Scott Morrison is promising to invest half-a-billion dollars into companies developing emerging low carbon emissions technology.

Prime Minister Scott Morrison addresses the Victorian Chamber of Commerce and Industry breakfast in Melbourne, Wednesday, November 10, 2021. Source: AAP Image/Joel Carrett

The plan is raising questions, with some concerned it will rely too heavily on methods that are less proven.

Iceland is already making use of Carbon Capture and Storage plants - which involve sucking carbon dioxide from the air and trapping it underground.

The methods aren't without controversy however, with concerns over its cost, and whether it can be scaled up to a large enough extent.  

But, Prime Minister Scott Morrison says it's promising, and is pledging 500-million dollars into the emissions-reducing technology.