Tuesday, March 3, 2009

$3 400 000 000 for Carbon capture and storage


The american stimulus package (possibly a little old now - I've not been following that closely) has $3.4bn included for carbon capture and storage. That's probably somewhere around enough for two demonstration plants.

The trouble is that america has no price on carbon - so this really is money pushed underground. Once they have a price on carbon the bean counters in every company can price in CCS and find some reason to use it - as they can in the EU.

...and in that respect we're a long way ahead.

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