IHS Chemical Week

EnviroTech :: Climate Change

Carbon Capture and Storage Could Be Economically Viable by 2030

12:28 PM MDT | October 3, 2008 | Chemical Week Editorial Staff

Carbon Capture and Storage (CCS), featuring experimental technologies that capture and store carbon dioxide (CO2) emissions from power and industrial plants underground, could be economically viable in Europe by 2030, according to a report by consulting firm McKinsey & Co. The report estimates that costs of CCS will be €30-€45/m.t. of CO2 stored in 2030. “This cost is in line with expected carbon [market] prices in that period” under the European Union’s (EU) emission trading scheme (ETS), McKinsey says. The EU has proposed that...

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