The European Union's competition authority approved Wednesday a U.K. plan to fund the early study of carbon capture and storage, a technology under development that will catch the CO2 emitted by burning coal and natural gas, to then store it underground.
The European Union's competition authority approved Wednesday a
U.K.
plan
to fund the early study of carbon capture and storage, a technology under
development that will catch the CO2 emitted by burning coal and natural gas, to
then store it underground.
"The European Commission has found a U.K. scheme to fund front-end
engineering design studies on carbon capture and storage demonstration projects
to be in line with EU state aid rules," the commission, which has
antitrust powers in the EU, said in a statement. "In particular, the
measure will contribute to fighting climate change, in line with EU objectives,
without unduly distorting competition," it said.
The EU has been encouraging the development of CCS, seen as one of the rare
technologies that will allow the continued use of fossil fuels in producing
electricity, while at the same time dramatically cutting greenhouse gas
emissions.
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