There are “no technical barriers” to deliver carbon capture and storage (CCS) projects in the UK.
That’s according to the Carbon Capture and Storage Association (CCSA) which suggests any future CCS programme will have to address a number of outstanding commercial challenges.
The comment follows the government’s decision to scrap the £1 billion CCS competition last year.
According to CCSA, CCS has “significant potential for rapid cost reductions”.
It believes private sector power companies can make investment decisions to build CCS-equipped fossil fuel power stations by the early 2020s without government support.
That’s possible with an agreed Contract for Difference (CfD) strike price that is competitive with the strike prices for other low carbon generation technologies, its report adds.
Luke Warren, CEO at the CCSA said: “The government has confirmed its intention to develop a new approach to CCS, and we look forward to working with them to build on these lessons and ensure the successful delivery of CCS.”