Abstract
Introduction
Carbon capture and storage (CCS) technology is expected to play an important
role in facilitating Germany' s low-carbon ambitions over the coming years.
However, by the time it takes CCS to reach technological maturity, German
renewables can be expected to have major cost advantages over the newcomer
technology.
Scope of this research
- A concise review of the German draft CCS act, adopted by the German
Federal Cabinet in April 2009.
- Five years worth of German global power output data across the entire
power generation technology spectrum (conventional and mainstream renewables).
- German power supply and demand data (both current and forecast to 2012)
coupled to a high level estimate of power imports, exports and losses.
- Reasons why CCS will not threaten the development of existing and future
significant renewable energy capabilities in Germany.
Research and analysis highlights
The draft German CCS act is a necessary yet insufficient condition to drive
the widescale development of CCS in Germany. The proposed regulatory framework
approach does put certain liability questions to rest but fails to provide the
CCS investment community with the necessary reassurances by relying on the
European carbon market to fund CCS.
The current political and energy landscape in Germany - a country which
depends on coal for about half of its electricity needs - provides the ideal
platform for the development of CCS. CCS will take root as part of the
country' s challenge to replace a significant proportion of power generation in
the coming years.
Germany' s climate protection strategy focuses on the increased use of
renewable power and higher levels of energy efficiency. CCS will not threaten
the development of existing and future renewable energy assets in Germany and
can instead play a role in reducing CO2 emissions from widespread fossil fuel
power generation.
Key reasons to purchase this research
- Quickly determine and assimilate the most critical developments and issues
that challenge and promote the development of CCS in Germany.
- Benchmark the relative appeal of CCS against other forms of renewable
power generation in the wider context of Germany' s dynamic energy landscape.
- Tailor your strategy having assessed how German CCS will be impacted by
technology maturity, policy incentives and the wider German energy landscape.
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