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AAP
AAP
Jacob Shteyman

Australia 'lagging the world' on carbon capture policy

Santos' CCS project in Moomba, South Australia, will store up to 1.7 million tonnes of CO2 a year. (HANDOUT/SANTOS)

Australia must fix its policy settings to speed investment in carbon abatement technologies or risk ceding the advantage to international competitors, one of the country's largest gas producers says.

Carbon capture and storage (CCS) technology is widely dismissed as "greenwashing" by environmental groups, but Santos chief executive Kevin Gallagher says it will play an essential role in the world's energy transition, whether Australia takes part or not.

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