Although the coal production in the European Union (EU) declines, in contrast with other continents, the import of coal to the EU has increased by 40 percent over the last 10 years.
“Europe’s continued dependence on coal for energy supply, underlines the importance of an urgent deployment of CO2 capture and storage”, says Eivind Hoff of Bellona Europa.
The EU has the latest months shown important leadership in the deployment of CO2 capture and storage (CCS). Through the adoption of the EU economic recovery package, where €1.05 billion is set aside for CCS projects, and equally the 10-12 planned CCS demonstration projects financed by 300 million emission allowances in the revised Emission Trade Scheme Directive.
To speed up the deployment of CCS by 2020 however the regulatory tool could be an emission performance standard, effectively banning coal fired power plants without CCS.
For more information on carbon capture and storage please consult Bellona’s CCS web.