Renewable Energies (RE) in Comparison to Carbon Capture and Storage (CCS): An Update
This study by the Wuppertal Institute, was commissioned by the German Federal Ministry for the Environment.
Three conclusions will be of interest to policymakers:
* the technology is not expected to become available on a large scale before 2025
* if renewable energies and combined heat and power are expanded further and energy productivity is enhanced, there is likely to be only a limited demand for CCS power plants
* new life cycle assessments for CCS in the power plant sector indicate that the greenhouse gas emissions from one kwh of electricity generated by first-generation CCS power plants could only be reduced by 68 to 87%.
A major reason is that electricity generating costs of renewable energies are approaching those of CCS power plants. Therefore, by 2020, several renewable technologies may well be in a position to offer electricity at a cheaper rate than CCS power plants.
http://www.wupperinst.org/en/projects/proj?projekt_id=286
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