healthier, happier and richer

This morning, the Centre for European Reform (www.cer.org.uk) launched the report, which Simon Tilford and I have written, about what the EU should do about CCS. We argue that large-scale demonstration will require public money, and that widespread and rapid deployment will require regulation, ideally at European level.

Coal will be the biggest single source of electricity for decades to come. Yet the EU is doing far too little to encourage the take-up of carbon capture and storage, a technology which could make coal a low-carbon fuel. This failure threatens not only Europe’s leadership of global climate change policy but also its ability to profit from the emergence of a huge global market for equipment and expertise. Stephen Tindale and Simon Tilford argue that more public money is needed for the construction of demonstration projects, while regulation and strong market signals will be required to ensure mass deployment of the technology.

Coal will be the biggest single source of electricity for decades to come. Yet the EU is doing far too little to encourage the take-up of carbon capture and storage, a technology which could make coal a low-carbon fuel. This failure threatens not only Europe’s leadership of global climate change policy but also its ability to profit from the emergence of a huge global market for equipment and expertise. Stephen Tindale and Simon Tilford argue that more public money is needed for the construction of demonstration projects, while regulation and strong market signals will be required to ensure mass deployment of the technology.