EON WATCH

EU plans increased investment in CCS

In EU on January 29, 2009 at 10:27 pm

The EU have just made a move which makes Kingsnorth getting the go ahead that much more likely. Labour dont seem to see renewables as a viable alternative to coal, despite vast evidence supporting this case. They are therefore left in an extremely invidious position where giving coal the go ahead with guarentees that CCS will be used in the future looks like the most viable option to them. However, there are a great deal of risks about this proposal and EON most likely wouldnt build Kingsnorth if it had to bear the risk…the govornment may therefore look to support eon phasing in CCS in the medium term. This would be made easier with the latest round of EU investment –1.25billion euros–in the technology.

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