Editor’s Note: Given that DOE expects CCS to raise the wholesale price of electricity by 70-80%, regulatory authorities may want to consult with consumers about what winning the “race” would mean to their economic future– or lack thereof.
From: BusinessGreen Plus
Succession of cancelled projects see EU fall behind North America and China in development of crucial carbon abatement technology
By Will Nichols
The carbon capture and storage (CCS) industry in Europe has “stalled”, with North America and China moving ahead in the race to develop a technology seen as vital to global emission reduction efforts.