IHS Chemical Week

Carbon Price Needed to Spur CCS Development

10:43 AM MDT | August 16, 2010 | Vincent Valk

The lack of a comprehensive federal climate policy, including a carbon price, is the key obstacle to full-scale development to full-scale deployment of carbon capture and storage (CCS) technologies, according to the report of a federal interagency task force. The task force, established by President Obama in February, included more than 100 officials and was co-chaired by the head of the Department of Energy (DOE; Washington) and EPA. Both carbon prices and financial incentives will be necessary for significant deployment of CCS technologies, the report says...

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