News: October 2017

New Dutch government climate mitigation goal goes further than EU targets

The new Dutch government coalition agreed on an annual €4 billion investment in climate mitigation leading to 49% emission reduction with reference to 1990 equivalent to 56 million tonnes (Mt) of CO2. Carbon capture and storage accounts for 20 Mt of the emissions reduction to be reached by 2030.


Summit Power has released a new study showing that an East Coast Carbon Capture and Storage (CCS) network could boost the UK economy by an estimated £160 billion between now and 2060. The report provides the first, quantified societal cost benefit analysis of a UK network of CCS investments and finds that the benefits of the scheme could outweigh costs by as much as £129 billion.