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Carbon capture and storage -- new research from UKERC shows tough road ahead to realize potential
Date:4/18/2012

ort shows highlights lessons from UK nuclear waste management policy to show how complex liability arrangements for CO2 storage could be. For CCS, a balance needs to be struck between limiting liabilities for investors and protecting the interests of future taxpayers. Agreements will be needed on where this balance should lie, and what arrangements are needed to fund and insure against potential liabilities.

Professor Watson comments:

'It will be vital to keep options open in the government's CCS commercialisation programme. Whilst it is welcome that the government has learned from the mistakes of the past, and now plans to support a number of CCS technologies, there is a long way to go before CCS is a reality at full scale. Complex negotiations with industry lie ahead. As the National Audit Office argued recently, such negotiations require substantial capacity and skills within government to bring such negotiations to a successful conclusion.'


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Contact: Charlotte Knight
charlotte.knight@ukerc.ac.uk
44-207-594-1573
UK Energy Research Centre
Source:Eurekalert

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