SOURCE: Industrial Info Resources

November 22, 2009 23:00 ET

Carbon Capture Incentive Included in New U.K. Energy Bill, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - November 22, 2009) - Written by Martin Lynch, European Correspondent for Industrial Info (Galway, Ireland) -- The U.K. government has introduced a bill to Parliament that includes financial incentives for energy companies to implement carbon capture and storage (CCS) solutions. The new CCS incentives will mean a levy on electricity bills for consumers, allowing the government to raise enough money to support up to four, commercial-scale CCS demonstration projects. The incentive could also raise enough funds to support scaling up those demonstration projects to full commercial capacity in the future.

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