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{{#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.<ref name="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 Institute Advisory Panel"], Media Release, April 6, 2009.</ref>
In the 2010 Australian federal election campaign, the leader of the Opposition, [[Tony Abbott]] told reporters that the institute was a part of deposed prime minister Kevin Rudd’s "grand Copenhagen plan" and that "frankly if we’re the only country that is backing it and funding it, it’s never going to happen, let’s save the money". In response, Australian Prime Minister Julia Gillard defended the institute. "I’m not surprised Mr Abbott would pick it for a cut given he has been completely dismissive of the science of climate change". CCS, she said, is "an important new technology for the nation’s future as we combat climate change."<ref>[http://www.theage.com.au/federal-election/abbott-to-axe-cleancoal-funding-20100720-10irq.html "Abbott to axe clean-coal funding"], ''Sydney Morning Herald'', July 20, 2010.</ref>
==The announcement==