Hard times for Carbon capture and storage (CCS)

Europe’s record-low carbon prices are making carbon capture and storage (CCS) technology more of “an annoyance” in the absence of additional incentives, a delegate told a Brussels conference where policymakers and energy experts assessed the EU’s energy strategies in the light of the economic downturn. The comeback of nuclear energy and fossil fuels as well as hard times for solar energy and technologies such as carbon capture and storage (CCS) were the highlights of a conference organised by the French Institute for International relations (IFRI) in Brussels 16 February. Philip Lowe, European Commission Director General for Energy, said that it was up to EU countries to decide their energy mix, but warned of various constraints. “You probably read the Citibank report. European energy is uninvestable at the moment because there are too many uncertainties, too many different instances at national level deciding what should be done, no clear indication as to the level of subsidy to be allowed at various places,” he said, naming the renewable and nuclear sector. CCS ‘an annoyance’ “Carbon capture and storage (CCS) sounds great. Unfortunately, our public doesn’t like it, he said. Derek Taylor, Regional Representative for Europe of the Global CCS Institute, admitted that this industry was “still waiting”, because it implies huge costs “at a time when people are rather unwilling to invest” in what they perceive just as disposing waste. At the cost of CO2 at only €8, CCS is “just an annoyance”, he said, adding that in the absence of additional incentives, it was “impossible” to make a case for CCS. Solar also in crisis Arnaud Chaperon, Senior Vice President of Electricity and Renewable Energies at French energy giant Total, said solar power in Europe was undergoing a “major crisis”, since China became a major competitor. He said that this industry was “still in its infancy” and could be competitive in places such as California, the South of Italy or the Middle East, where it could be cost-effective without subsidies. The solar industry is going to be “chaotic” in the next two or three years in Europe, but in the longer term, it could have a bright future, Chaperon said. EurActiv.com Croatian Center of Renewable Energy Sources (CCRES)

About CROATIAN CENTER of RENEWABLE ENERGY SOURCES

CROATIAN CENTER of RENEWABLE ENERGY SOURCES (CCRES)• was founded in 1988 as the non-profit European Association for Renewable Energy that conducts its work independently of political parties, institutions, commercial enterprises and interest groups, • is dedicated to the cause of completely substituting for nuclear and fossil energy through renewable energy, • regards solar energy supply as essential to preserve the natural resources and a prerequisite for a sustainable economy,• acts to change conventional political priorities and common infrastructures in favor of renewable energy, from the local to the international level, • brings together expertise from the fields of politics, economy, science, and culture to promote the entry of solar energy, • provides the opportunity to play a part in the sociocultural movement for renewable energy by joining the association for everyone, • considers full renewable energy supply a momentous and visionary goal - the challenge of the century to humanity. CCRES Željko Serdar Head of association solarserdar@gmail.com
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