Carbon Storage in Australia

The site explores the merits and demerits of carbon storage underground. The study has been done with reference to Australia. The article compares the steps taken for Carbon storage by the Government and those taken by the Coalition.

The Coalition’s policy is to pay farmers, through a tender system, to store carbon in agricultural soils. The farmers will be paid $10 for each tonne of carbon dioxide stored in soil. Under the government's carbon emissions trading scheme, farmers would be paid two to four times more than the Coalition's offer.

The advantage of the government's scheme is that farmers would be paid to optimize terrestrial carbon across the country and it puts a cap on carbon pollution. Terrestrial carbon stored in vegetation and soils has a profoundly important role to play in the climate change solution but not a panacea.

Burying alone will not solve the problem. If we are to avoid dangerous climate change we also need to effectively eliminate all industrial carbon pollution within the next 40 years.

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