The advantages of adding carbon capture and storage (CCS) to fossil-fired power plants have been called into question after a new report reveals that the technology will have unsustainable implications on electricity prices
Undertaken by the Institute for Energy Economics and Financial Analysis (IEEFA), the report found that applying carbon capture technology to coal and gas power generation, even before considering the required transport and storage of carbon dioxide (CO2), will ‘significantly’ increase costs, impacting the case for investment.
Commonly seen as an essential technology to achieve Net Zero across energy intensive industries, CCS in the power sector directly captures CO2 from a power plant before the captured gas is compressed, transported and stored.
Despite its ability to decarbonise hard-to-abate sectors, concerns have been raised over the technology’s cost and environmental impact.
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