Energy and Climate Change – Carbon capture and storage

Thursday May 22nd, 2014

Carbon capture and storage (CCS) has the potential to help keep carbon emissions within the limits that are needed to avoid dangerous global temperature rises. As such, it could be a game changer in efforts to tackle climate change, but high energy and financial costs currently make CCS uneconomic without specific policy interventions to support it. These are likely to be subsidies from the public purse and/or the consumer. As a result, progress on CCS has been extraordinarily slow with only a handful of projects in operation around the globe and none fitted to power stations at full scale. In the UK the expected start date has been repeatedly pushed back from 2014 to potentially after 2020. This delay has called into question the credibility of Government CCS policy and has resulted in a lost decade for this vital fledgling industry.

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