2018-10-23 The EU has spent nearly $500 million on technology to fight climate change—with little to show for it
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Akshat Rathi
In a report to be published later today, the European Court of Auditors will say that the EU spent more than €424 million ($486 million) over the past decade decade fruitlessly trying to establish carbon-capture technology. The EU considers the technology crucial to hit its climate goals, which will require the union’s member states to reach net-zero emissions within decades.
In a report to be published later today, the European Court of Auditors will say that the EU spent more than €424 million ($486 million) over the past decade decade fruitlessly trying to establish carbon-capture technology. The EU considers the technology crucial to hit its climate goals, which will require the union’s member states to reach net-zero emissions within decades.
Original article: The EU has spent nearly $500 million on technology to fight climate change—with little to show for it
Source documents: Demonstrating carbon capture and storage and innovative renewables at commercial scale in the EU: intended progress not achieved in the past decade
Special report No 24/2018: Demonstrating carbon capture and storage and innovative renewables at commercial scale in the EU: intended progress not achieved in the past decade
Even in 2010, the cost of coal-fired electricity with CCS was greater than that of wind power.
See: 2010-09-21 CCS vs Wind Turbines
In any case, fossil fuels are depletable, and reservoirs for carbon sequestration are finite.
So electricity from renewable sources will be essential sooner or later.
2018-10-23 The EU has spent nearly $500 million on technology to fight climate change—with little to show for it
Akshat Rathi
In a report to be published later today, the European Court of Auditors will say that the EU spent more than €424 million ($486 million) over the past decade decade fruitlessly trying to establish carbon-capture technology. The EU considers the technology crucial to hit its climate goals, which will require the union’s member states to reach net-zero emissions within decades.
In a report to be published later today, the European Court of Auditors will say that the EU spent more than €424 million ($486 million) over the past decade decade fruitlessly trying to establish carbon-capture technology. The EU considers the technology crucial to hit its climate goals, which will require the union’s member states to reach net-zero emissions within decades.
Shutterstock/evantravels
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