EU leaders agree to boost financial support for CCS

2014-11-01 09:46 by Anja Reitz

The existing NER300 funding programme will be renewed by its successor – the NER400 programme, which will be financed by 400 million EU Emissions Trading System (ETS) allowances, the council agreed on 23 October.

NER300 raised €2.1 billion ($2.68 billion) on the carbon market for renewable energy projects and one CCS project – the planned White Rose demonstration project at the UK’s Drax power station, which secured €300 million in funding from the scheme in July (see Glimmer of hope for CCS as UK secures €300 mln from EU, 10 July 2014).


Source: Interfax, Natural Gas Daily, by Annemarie Botzki, 30 Oct 2014

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