NER 300: Prize fund for carbon capture projects shrinks by £800m

Guardian: The future of carbon capture and storage in Europe has been thrown into doubt after £800m was wiped off the value of a prize fund for developing the technology. The NER300 fund was supposed to encourage firms across the continent to build commercially viable CCS projects in return for about EUR3bn (£2.4bn) but the cash was linked to the value of carbon credits, which have plunged 50% in the two years since the project was launched. The UK leads the way in CCS technology, but now experts are...

URL: http://www.guardian.co.uk/environment/2012/aug/05/value-carbon-capture-fund-declines
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