Wednesday, 22 September 2010

Finance sector is willing to help fund CCS if....

• An indicator of performance across the whole capture and generation chain must be provided by a well-regarded equipment supplier or contractor.
• Major sponsors who have successfully managed sizeable and complicated construction projects must be involved.
• Economics of CCS must have a route to being competitive with other forms of generation, without public funding.

The reporting "indicates that excluding any government contribution, power prices would have to be around €160/MWh to make it worthwhile building a coal fired power station with post-combustion CCS today." Allowing for efficiencies... "the required power price might drop to €140/MWh – still well above the €80/MWh that might be required to justify the same coal fired power station without CCS but which has to pay €20/t for CO2 emitted to the atmosphere."
Climate Change Group

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