Companies are still waiting to hear full details from the UK govenment on how it intends to provide £1bn in funding for CCS projects, as promised in the spending review.
Eon recently announced that the uncertain economic conditions meant it would pull out of its plans to build a coal-fired CCS plant at Kingsnorth. Meanwhile, industry leaders have warned that providing the financing only by guaranteeing a floor to the carbon price would not be enough incentive for companies to build the expensive plants.
So the news that the European Commission will announce a “prize” to fund CCS and renewables projects will be very welcome for some.
According to Eon, we could learn a lot from the Romans about energy efficiency. To coincide with the launch of their new website which apparently helps consumers measure and cut down on their energy use, they have teamed up with Prof Andrew Wilson from the Institute of Archaeology at Oxford University to come up with four ways in which the Romans were more efficient users of energy than us:
I blogged last week about two high profile Congress races where voters seemed to have been turned off by the fact that the Democratic incumbent had voted for the cap-and-trade bill. Both Rick Boucher and Tom Perriello seemed to have been directly hurt by their vote for Waxman-Markey.
Sure enough, both were voted out on Tuesday night. And here is a full list, courtesy of Politico, of the other defeated Dems who voted for cap-and-trade:
When President Obama spoke about his new-found spirit of compromise after the Democratic party’s “shellacking” in the midterm elections, energy policy was one of the areas where he suggested Democrats and Republicans might be able to work together. The deep partisan divide over climate policy might make that seem a ridiculously hopeful aspiration, but in fact there are some areas of energy policy where the two parties ought to be able to find common ground.
Translating that into effective legislation, however, will be something else again.