Cleaner Tech
New Zealand to Allow Carbon Capture, Storage to Reduce Emissions
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New Zealand will incentivize companies to capture and store carbon dioxide underground by allowing them to offset other greenhouse gas emissions, helping the nation’s push toward becoming a net-zero economy by 2050.
Legislation to put in place a Carbon Capture, Utilization and Storage framework will be introduced in 2025, Climate Change Minister Simon Watts said Friday in Wellington. A CCUS system typically collects and stores carbon dioxide from sources like thermal generators or factories burning fossil fuels.