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22 December 2008 Big oil wants more renewables Both oil producing and consuming countries were represented at the meeting on Friday, December 19 which was principally about stabilizing energy markets in today's turbulent world economy. But with peak oil looming ever larger on the horizon, even countries that rely heavily on oil revenue acknowledged that a greater uptake of renewables world wide would be of value to everyone. The meeting also noted the potential of carbon capture and storage (CCS) and increased use of renewables and nuclear technology to cut carbon emissions and get the best use of remaining oil reserves. The Ministers noted the potential of carbon capture and storage and of increased use of solar, wind, nuclear and other technologies for power generation to reduce carbon emissions and enable the most productive use of finite oil resources. The UK also announced that it will become a founder member of Australia's Global Carbon Capture and Storage Institute - an initiative designed to boost progress in delivering industrial-scale demonstration projects around the world. According to the newly-formed Department of Energy and Climate Change CCS has the potential to play a significant role in tackling climate change, and could account for 20% of the global emissions cut needed by 2050. Sam Source: edie newsroom
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 Click here to leave a commentCommentsCarbon Capture & Storage
By Anthony I'm not so sure about the potential of CCS. It will take many years before it has been developed on such a scale that will aid in the quest for carbon reduction. Until then, the phrase 'CCS-ready' is seemingly being used to justify the creation of coal power stations which are the most polluting; even when (or if) CCS is applied to these power stations, they will not be able to reduce emissions to the same extent that renewables can (although obviously more power will be gained). Until power stations can be ran in conjunction with CCS and carbon reductions are proven, the use of coal to produce energy on a large scale should be discouraged. © Faversham House Group Ltd 2008. edie news articles may be copied or forwarded
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