December 3, 2009 (Oil Daily) An article in the December 3, 2009
Oil Daily (subscription) reports on an opinion expressed at the
European Power Generation Strategy Summit that predicts that the widespread development of commercial-scale carbon capture and storage projects will not occur before 2030. Widespread deployment of commercial-scale carbon capture and storage (CCS) projects will not occur before 2030, missing the 2020 target date set by the European Union by a decade or more, according to one expert. That was the pessimistic opinion expressed by
Walter Wintersteller, European utilities partner at law firm
Booz & Co., during the European Power Generation Strategy Summit in Prague on Wednesday. What’s more, he says, the technology is unlikely to become anything more than a niche sector, unsustainable without public funding.