CoalImp is calling for the UK government to retake the lead on carbon capture and storage (CCS), following the publication of a new report.
TUC and CCSA released The Economic Benefits of CCS in the UK, stating that an ambitious roll-out of CCS would generate jobs, create a market worth £15 – 35 billion and reduce household electricity bills by £82 per year.
The report is backed by the Association of UK Coal Importers (CoalImp), which says that in today’s energy mix, coal is currently generating 40% of UK electricity. However, in order for coal to play a key role in an affordable, sustainable energy mix, it requires robust new support from the British government.
Low carbon future
CoalImp managing director, Nigel Yaxley, commented: “It’s never been more important to maintain and develop the existing coal infrastructure as we make the transition towards a low carbon future.
“The new report backs our long-held belief that inclusion of CCS within a mix of low-carbon technologies is the lowest-cost route to decarbonisation.
“CCS represents an opportunity for the UK’s coal industry to participate sustainably in the future energy mix, securing a valuable indigenous fossil fuel resource base and a vital importation infrastructure, providing access to a competitive and well-supplied international market.
”In the meantime, affordable electricity from existing coal plants, with their tried-and-tested infrastructure, can play a key role as we make the transition to a low carbon future.
“Despite initially spearheading CCS innovation, we have fallen behind other countries in recent times. However, there is now a real chance to make up that ground, by showing that coal-fired power is a viable option within a secure, affordable and flexible electricity system.
“Attitudes towards coal in the UK have suffered in comparison with other countries that value its security, affordability and flexibility, but with growing concerns about energy prices, there has never been a better time to place it back at the centre of the debate through sustainable CCS technology.
“Coal is the world’s fastest growing and cheapest fuel, reflecting its abundant supply across all continents – and it can still have a role in the future low-carbon energy mix through CCS.
“As electricity customers become increasingly concerned about their bills, coal is a key factor in keeping energy costs under control.”
Adapted from press release by Katie Woodward
Read the article online at: https://www.worldcement.com/europe-cis/11022014/coalimp_backs_ccs_scheme_cement/