CCS runs into financial difficulties

European Voice: European Union member states, particularly the UK, are struggling to meet the European Commission's deadlines for securing funding for pilot projects to demonstrate carbon capture and storage (CCS) technology. Without the pilot projects, CCS is unlikely to contribute significantly to reducing the EU's carbon emissions. At stake is €1.5 billion of EU funding that had been earmarked for CCS but can be secured only if member states put up co-financing. In theory, CCS offers the prospect of low-carbon...

URL: http://www.europeanvoice.com/article/imported/ccs-runs-into-financial-difficulties/75408.aspx