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30th August 2012
In 2008, the IEA concluded that, without CCS, the cost of attaining the 50% reduction in greenhouse gas emissions by 2050, would increase by over 70% in the long term. On the basis of this, it is widely argued that investment in CCS would make the transition to a low-carbon economy substantially cheaper and more cost effective.
1. Financing CCS - Overview
This section gives an overview of the costs involved in financing CCS to reach the 2050 target and beyond.
2. Financing Strategies to Incentivise CCS in the EU
The EU approach to financing CCS is part of a broader effort to stimulate the transition to less carbon-intensive energy generation. Financial support for CCS projects consists of the following instruments:
- The European Emission Trading Scheme (ETS)
- European Energy Programme for Recovery (Regulation (EC) No. 663/2009)
- EU State Aid Legislation
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