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EU Should Budget €1 billion for Pilot Plant

Thursday, Feb 14, 2008
Article Type: Reprinted

Alstom says the EU lacks up to €18 billion in funding to build its planned 12 CCS pilot projects, according to an article from Bloomberg.

Bloomberg interviewed Joan MacNaughton, environmental policy adviser, Alstom, who said that the issue of incentives for being the first to develop the technology, "had been slightly ducked at the European level and just left to individual member states."

She said that a realistic cost for a pilot plant was several hundred million up to €1 billion.

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