US power companies are showing little interest in carbon capture and storage (CCS) because of high costs and uncertain demand, despite related tax credits being raised by the US Congress from $ two per tonne of carbon dioxide to $ 35 /tonne. A survey of the US ' 10 biggest power companies found eight had no plans to buy CCS equipment, while eight declined to comment. REUTERS/Trish Badger But tax credits for capturing and storing carbon dioxide emissions have appeased all these camps, and Congress this year tripled the subsidy’s value with broad bipartisan support. CCS said it was uncertain when Utilities revenues would cover costs.
US power companies are showing little interest in carbon capture and storage (CCS) because of high costs and uncertain demand, despite related tax credits being raised by the US Congress from $ two per tonne of carbon dioxide to $ 35 /tonne. A survey of the US ' 10 biggest power companies found eight had no plans to buy CCS equipment, while eight declined to comment. CCS said it was uncertain when Utilities revenues would cover costs.