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Position Paper - the Future of CCS in Germany
Datamonitor, June 2009, Pages: 7
Carbon capture and storage (CCS) technology is expected to play an important role in facilitating Germanys 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
- 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.
Highlights of this title
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 countrys challenge to replace a significant proportion of power generation in the coming years.
Germanys 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 title
- 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 Germanys 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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