The gap between funding for carbon capture and storage projects and other emissions reduction options

Analysis by Carbon Limits for Clean Air Task Force indicates that the public funding per tonne of CO2 avoided for recent carbon capture and storage (CCS) projects in Norway and the Netherlands is comparable to, or lower than, the average funding spent by EU schemes for onshore wind, offshore wind, and solar power since 2012.

• EU support schemes for renewable energy since 2012 spent an average of €121/t of CO2 avoided for onshore wind, €90/t for offshore wind, and €74/t for solar power.
• Funding for the Longship project in Norway is €71/t of CO2 avoided, while the Porthos project in the Netherlands could receive up to €65/t, though the latter may be less as it only covers the gap with the EU carbon price.

APA

Clean Air Task Force (2022). The gap between funding for carbon capture and storage projects and other emissions reduction options. https://www.catf.us/resource/the-gap-between-funding-carbon-capture-storage-projects-other-emissions-reduction-options/

Chicago

Clean Air Task Force. The gap between funding for carbon capture and storage projects and other emissions reduction options. 2022. https://www.catf.us/resource/the-gap-between-funding-carbon-capture-storage-projects-other-emissions-reduction-options/.

Wikipedia

{{cite report |author=Clean Air Task Force |title=The gap between funding for carbon capture and storage projects and other emissions reduction options |date=13 April 2022 |url=https://www.catf.us/resource/the-gap-between-funding-carbon-capture-storage-projects-other-emissions-reduction-options/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{cleanairtaskforce2022gap, author = {{Clean Air Task Force}}, title = {{The gap between funding for carbon capture and storage projects and other emissions reduction options}}, institution = {Clean Air Task Force}, year = {2022}, month = apr, url = {https://www.catf.us/resource/the-gap-between-funding-carbon-capture-storage-projects-other-emissions-reduction-options/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }