E3G

Carbon Capture and Storage: Discussion in German Parliament

By Jennifer Morgan

10.) Clear signals must be sent that full internalisation of external costs will occur in real time. To give the strong and credible signal needed to drive large scale investment Europe should regulate that all new build power plants must be zero-emissions after 2015, with builds before then investing to be ‘CCS ready’, meaning finance and commitment to implement, and those after 2015 retrofitted so that the entire sector is zero-emissions emissions by 2025. 

11.) Innovation rates and rates of deployment is dependent on the policy framework and funding provided to accelerate the research and development of the technology.

Experience of learning by doing in other technologies has shown that rapid cost reductions are possible

Investing in demonstration and getting the regulatory structure right led to a sharp leap in the deployment of renewable technologies at the end of the 1990s