{{#Badges: CoalSwarm|Climate change}}The '''Global Carbon Capture and Storage Institute ''' was announced in September 2008 as a global initiative by the Australian Prime Minister, [[Kevin Rudd]] and the Resources Minister, [[Martin Ferguson]].
In April 2009, Australian Prime Minister [[Kevin Rudd]] announced that the former the former President of the World Bank, [[James D. Wolfensohn]], had been appointed as Chair of the International Advisory Panel of the Institute. The first meeting of the panel is scheduled for late April 2009.<refname="IAP">Kevin Rudd, [http://www.pm.gov.au/media/Release/2009/media_release_0902.cfm "Appointment of Mr James Wolfensohn to Global Carbon Capture and Storage Intitute Institute Advisory Panel"], Media Release, April 6, 2009.</ref>
==The announcement==
It was reported in late January 2009 that the institute would be based in Canberra and would be formally launched in February 2009. It was also reported that the institute would be headed by [[Nick Otter]], who had previously worked for the UK power company [[Alstom Power]], with [[Dayle Seymour]] as deputy. (Seymour would be on secondment from the Victorian Department of Primary Industries). South Korea has also agreed to support the project. Other supporters include Alstom Power, [[Mitsubishi]], [[Rio Tinto]] [[Services Petroliers Schlumberger]], [[Xstrata]] and the [[William J. Clinton Foundation]]. The [[Boston Consulting Group]] has been hired to develop a business plan for the institute.<ref>Louise Dodson, "[http://afr.com/home/login.aspx?EDP://20090123000030758053§ion=industry-energy_utilities CO<sub>2</sub> Research Draws Recruits"], ''Australian Financial Review'', January 23-26, 2009, page 14. (Sub req'd)</ref>
==International Advisory Panel of the Global Carbon Capture and Storage Institute==
In April 2009, Australian Prime Minister [[Kevin Rudd]] announced the formation of the International Advisory Panel of the Global Carbon Capture and Storage Institute which he stated would "provide broad strategic guidance to the Institute and work globally to enhance its international reputation and networks." Rudd announced that the former the former President of the World Bank, [[James D. Wolfensohn]], had been appointed as Chair of the International Advisory Panel of the Institute. The first meeting of the panel is scheduled for late April 2009 but the other members of the panel have not been announced.<ref name="IAP"/>