New WCI Report on Financing CCS

New WCI Report on
Financing Carbon Capture & Storage

6 November 2009

The World Coal Institute has published a new report "Securing the Future - Financing Carbon Capture and Storage in a Post-2012 World".

Substantial effort is being made to accelerate the development and deployment of CCS, particularly in developed countries, with governments focusing on a post-2012 timeframe. This report compares the support of CCS to that given to other low carbon technologies, suggests next steps to overcome current barriers, gives funding options and discusses the costs of accelerating the widespread deployment of CCS.

The report concludes that while responding to global warming is expensive, CCS massively reduces the cost of an effective climate change response. In a post-2012 world, government policies need to include CCS as the costs for deploying CCS are at least comparable to, and in many cases better than, the costs for deploying other low carbon technologies.

If you have any questions or would like to discuss issues raised in this report, please email Katie Mills, Director - Communications: kmills@worldcoal.org