Guardian: The future of carbon capture and storage in Europe has been thrown into doubt after £800m was wiped off the value of a prize fund for developing the technology.
The NER300 fund was supposed to encourage firms across the continent to build commercially viable CCS projects in return for about EUR3bn (£2.4bn) but the cash was linked to the value of carbon credits, which have plunged 50% in the two years since the project was launched.
The UK leads the way in CCS technology, but now experts are......
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NER 300: Prize fund for carbon capture projects shrinks by £800m
Posted by Guardian: Simon Neville on August 5th, 2012
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