Decision follows lobbying by oil and gas company Santos, who have said they would not start a CCS project without access to carbon credit revenue
The Morrison government has increased support for controversial fossil fuel projects that promise to capture and store carbon dioxide emissions by approving a plan to award them carbon credits.
It followed the oil and gas company Santos saying a proposed carbon capture and storage (CCS) project at its Moomba gas well in South Australia hinged on whether it had access to carbon credit revenue.