Escalating European Carbon Prices Not Enough to Jolt CCS

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High carbon permit prices in Europe — now around $100 per ton — are increasing investor interest in carbon capture and storage (CCS). Yet they are still too low to support widespread deployment of CCS across the industrial sector, which accounts for roughly 21% of EU greenhouse gas emissions. Rasmus Holmer, project manager for CCS at developer Horisont Energi, tells Energy Intelligence that the company foresees higher carbon prices leading to "more capture sites" among industry, heating facilities and power plants looking into CCS investments. "But the cost of investing in CCS is still a major challenge to many," Holmer warns.

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