You will require this licence if you intend to undertake activities relating to Greenhouse Gas Sequestration in on-shore Victoria. Greenhouse Gas Geological Sequestration refers to a process of capture and permanent storage of carbon dioxide and other greenhouse gases in order to reduce emissions.
These activities include:
- carrying out greenhouse gas sequestration formation exploration
- carrying out greenhouse gas substance injection and monitoring in a particular area.
You will also require a special access authority in relation to the area on which these activities are to be taken place that allows the carrying out of additional activities. You may also require this authorisation in order to obtain the right to an underground geological storage formation identified as a suitable place for injection and permanent storage of greenhouse gas storage that although is not yet commercially viable will be within the next fifteen years.
An environmental plan must be in force before any activity can be carried out. Furthermore, operations must stop immediately if a new or increased environmental risk is identified.
Additional requirements apply to private property and areas of native title. Activities are not permitted in marine or wilderness sanctuaries.