UK won't get EU cash for carbon storage: EU sources
2012-11-12 13:12 by Anja Reitz
CCS technology captures carbon emissions from power plants before they enter the atmosphere and then stores them in long-term storage sites.
The British government has included CCS technology in its plans to meet its emissions reduction targets and says it has earmarked 1 billion pounds ($1.59 billion) to fund a commercial scale pilot CCS program.
One EU source speaking on condition of anonymity confirmed that no British projects had qualified for the so-called NER300 competition "because of lack of funding detail."
Britain's Department of Energy and Climate Change (DECC) said it had not yet been informed of the decision or what the arrangements might be for the second round.
"We are not going to comment on speculation or rumors," a DECC spokesperson said.
The European Commission, together with the European Investment Bank and EU member states, jointly operate the NER300 financing competition in which governments can shortlist renewable and CCS projects for European subsidies.
Source: REUTERS,by Barbara Lewis and Henning Gloystein, BRUSSELS/LONDON |