EU energy crisis: Brussels faces 'tough' reality check over 'challenging' green policy

EU energy crisis: Brussels faces ‘tough’ reality check over ‘challenging’ green policy

Carbon capture and storage (CCS) are the way forward, at least for the time being, according to the expert.

He added: “Incredible challenges are ahead.

“First, consumers need to pay for the technology. It’s capital intensive and engineering intensive.

“However, CCS will be brought by the traditional energy industry – oil and gas for the subsurface and the utility and hydrogen industry for the surface faculties.

“The engineering talent is available. A strong economic model is needed.”

By some estimates, carbon capture could be a £720billion ($1trillion) market by 2030.

The technology involves drawing carbon dioxide (CO2) from the air and transforming the carbon into a form that can be trapped in the ground.

Although experts agree fossil fuels are not going to disappear overnight, scientists believe green energy has to be the way forward.

Published at Sat, 18 Sep 2021 12:01:00 +0000

This story originally posted here

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