Eminent energy economist warns that carbon capture and storage will never be viable
CCS would make renewables and nuclear energy look cheap
That is the stark message of Professor Gordon Hughes, Professor of Economics at the University of Edinburgh and a former adviser to the World Bank. In a new report published by the Global Warming Policy Foundation, Professor Hughes says that claims that costs will fall quickly are unlikely to be borne out in practice and even if they are, the total investment required makes CCS little more than a utopian dream.
And as Professor Hughes explains:
“We have spent countless millions trying to get carbon capture to work for coal-fired power stations. But in the future coal will mostly be used in the developing world, where CCS is going to be too expensive. Everyone else is moving…
View original post 117 more words