Europe’s untamed carbon

With its carbon-trading market and tough emissions targets, Europe plays the part of responsible adult at climate-policy negotiations. But in a growing blemish on its low-carbon image, the region has fallen behind North America in the slow crawl to demonstrate systems for capturing greenhouse-gas emissions from power plants and industry — even as it increases its use of coal. Announcements made just before Christmas underlined Europe’s troubles in launching large carbon capture and storage (CCS) projects. A European Commission fund set up two years ago in part to support CCS could not find a single scheme to finance, and instead gave €1.2 billion (US$1.6 billion) to renewable-energy projects... Lire la suite sur

ULCOS: a CCS project withdrawn under peculiar circumstances

News of ULCOS’s withdrawal from the first call broke on 6 Dec 2012. The European Commission confirmed it had received a letter from ArcelorMittal (AM), the Project Sponsor, saying the project faced insurmountable technical challenges. Its withdrawal was significant in Brussels and among the CCS community because it was the last CCS project in the competition, making this a public relations disaster for CCS. It was significant in France because ULCOS would have given a raison d’être to AM’s steel plant in Florange. Production there had been winding down for at least 18 months and the threat of job losses loomed large... Lire la suite sur