Focussed policy support needed for North Sea CCS development

2015-02-03 10:48 by Anja Reitz

North Sea nations have the skills and storage capacity to deliver a Carbon Capture and Storage industry that will transform Europe’s industry and power sectors, providing a least cost transition to a low-carbon future and a reliable electricity supply while helping to secure economic resilience, says the report, A CCS future for Europe: catalysing North Sea action. 
The SCCS report derives from a meeting of European and international experts, and delivers a ten-point plan for policy makers, highlighting the need for robust business models for CO2 transport and storage in the North Sea basin as well as targeted funding support to develop regional carbon capture “clusters” of emitters. It also calls for CCS to be fully recognised financially as a high-value climate change technology “unique in enabling the decarbonisation of thermal power generation and essential industrial processes”.
Source: Carbon Capture Journal 29 Jan 2015

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