http://www.smh.com.au/news/specials/environment/rudds-100m-climate-hq/2008/09/19/1221331158264.htmlAustralia is to invest $100 million to kick off a new global carbon capture and storage institute.
The institute will promote research and investment in technology for removing carbon dioxide which would otherwise contribute to global warming.
Prime Minister Kevin Rudd, in a presentation to resource and energy industry leaders at Parliament House today, said carbon capture and storage had the potential to capture nine billion tonnes of carbon by 2050.
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The proposal will form the basis of Mr Rudd's presentation to the United Nations General Assembly in New York next week.