Tuesday, February 24, 2009

Carbon capture with coal may be cheaper than gas

With the need to maintain grid stability (and until large scale, economic, energy storage is developed) fossil fuel will always be a part of our energy supply - the choice will be between gas and coal.

Bloomberg is reporting that coal with carbon capture and storage may be cheaper than gas. That's great news.
It also probably makes a few assumptions - noteably the price of gas and carbon dioxide - assumptions which may not be valid based upon the low price of phase II EUETS emission allowances (sub 10Euro).

Still, it's good news.

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