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Thursday, 11 November 2010

Commission Launches Carbon Capture development programme

The European Commission  published on November 9 a 'call to tender' for development of a carbon capture and storage (CCS) demonstration programme. CCS has the potential to play a key role in reducing the emission into the atmosphere of CO2 from power plants and major industrial installations.  But the technology is at present regarded as prohibitively expensive.In March 2007 the European Council agreed that up to 12 CCS commercial demonstration projects should be built by 2015 to develop the technology and bring down its cost.   However, it was not until December 2008 that the Council agreed a funding mechanism that is based on the sale of 'surplus' carbon allowances from the EU emissions trading scheme.  It has taken the Commission until now to determine exactly how the projects will be selected and the best use made of the funds available.Chris Davies (UK, LibDem), is the European Parliament's rapporteur on CCS and first proposed the idea of using the carbon allowances as a funding mechanism.  Today he said:"Fossil fuels are likely to remain the world's principal source of energy throughout the 21st century, and CCS is the only way of preventing them from being the major contributor to the problem of global warming.""It has taken a long time to get to this point, but the programme of demonstration plants that has now been launched will give leadership to Europe in the development of CCS technology."  

Source: ALDE