From Environmental Leader , Published 04 February 2014
Carbon capture and storage (CCS) technology in the UK would generate jobs and create a market worth £15 billion ($24.5 billion) to £35 billion ($57 billion) by 2030, according to a joint report by the Trades Union Congress (TUC) and the Carbon Capture and Storage Association (CCSA).
The report, The Economic Benefits of CCS in the UK , says the government should take action to boost CCS — and the economy.
Key findings include:
In the US, the Department of Energy has made available $8 billion in loan guarantee authority to support advanced fossil energy projects including carbon capture and storage that avoid, reduce or sequester greenhouse gases. The first deadline for applications is Feb. 28.
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