The European Commission may have failed to make a decision on funding of carbon capture and storage but a demonstration project is needed now, says EURELECTRIC.
In a report out last week, the European association representing the electricity industry, EURELECTRIC says the region must beyond discussing CCS to concrete projects.
“Further discussion on the pros and cons of the technology would be unhelpful; if we cannot demonstrate the technology now, Europe could become locked into a considerably higher-cost trajectory to decarbonisation,” warns the report.
In a prescient statement, given the failure of the EC to award any funds under the NER300 programme to CCS projects yesterday, EURELECTRIC says funds allocated to cancelled CCS projects should be redirected towards other demonstration projects.
The report calls on member states to move forward with CCS projects using revenues from auctioning allowances under the EU Emissions Trading System.
Meanwhile, the EC and the CCS industry should look at ways to pool resources in projects that are most likely to successfully demonstrate the technology.