report
25 July 2025
This report developed by EY for LETA examines the economic and emissions reduction potential of large-scale CCS deployment in Australia’s eastern states.
The findings from the report underscore that CCS is essential not just for achieving Australia’s emissions targets, but for safeguarding the future of our industrial base, our energy security, and our economy.
Key insights include:
A fully integrated east coast CCS network could add $66 billion to national GDP and support over 15,000 new jobs.
CCS is essential to the sustainment and growth of Australia’s hard-to-abate sectors including:
Cement manufacturing
Steelmaking
Chemicals (and fertiliser) manufacturing
Gas extraction
Metallurgical coal mining
Low carbon hydrogen production.
These industries currently underpin more than $130 billion in Australian exports and directly support around 130,000 existing jobs along Australia’s eastern coast.
The report models three possible futures for CCS deployment:
Moderate Growth: limited CCS uptake in a few hubs adding around $14 billion to national GDP.
Accelerated Deployment: wider adoption across states and sectors adding around $40 billion to national GDP.
Sequestration Nation: CCS is treated as core national infrastructure, enabling up to 50 million tonnes of carbon dioxide captured annually and delivering the full $66 billion addition to national GDP.
Download the full report or Executive Summary to learn more.