The Westminster Energy, Environment and Transport Forum hosted a seminar on 9 September on the latest developments in carbon capture and storage (CCS).
CO2 Deepstore director Ian Phillips argued that CCS technology worked, but was expensive in energy terms where losses due to the process of capturing carbon can be up to 30%. He suggested funds for decommissioning and monitoring of carbon stores should be accrued from revenue streams once projects were operational, rather than developers being liable for the costs up-front. Finally he stressed that current liabilities for possible leakage of carbon dioxide from stores were too high, and would prevent most from progressing with plans to develop projects.
Westminster Forum
No comments:
Post a Comment