Friday, December 12, 2008

Carbon capture and cash

Carbon capture and storage has turned into a bit of a thorny issue in Poznan at the moment - it's inclusion within CDM is opposed by Brazil, Jamaica, Venezuela and some pacific islands, whilst it's supported by Australia, Japan and Saudi Arabia.

It looks to me as though the developing nations are fundamentally worried about how much money they will receive.
Firstly of all I believe that they are worried Carbon Capture and Storage will be so effective it will disrupt the carbon market - this means less income for them.
Secondarily they are worried about the technology and the legacy that it leaves - let them "implement CO2 storage in their own territories if they claim it to be so safe?"

Well okay, that's being done.

There is also a concern about the public liability. My understanding is that any inclusion of CCS within the mechanism would see western companies pay cash to the developing nations to implement CCS. After 100 years the reservoir will have to be transferred to the host nation to look after - and their worried about any future leakage - private profit, public legacy.

So I think this is the deal - they see CCS as something which will stop 'aid' payments, rather than something which can save the planet.

Faced with this I ask the obvious question - how the hell do you get them to stop using coal because it emits CO2?

You won't.

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