Investor Reluctance on Carbon-Capture Projects

first_img FacebookTwitterLinkedInEmailPrint分享SNL:A massive initial investment is the major barrier hampering the development of carbon capture, use and storage, or CCUS, projects, according to witnesses at a U.S. Senate hearing.“Like a broken record, I’ll say upfront capital cost and incentives to support financing those upfront costs,” said David Greeson, vice president of development at NRG Energy Inc.Greeson said extending the 45Q tax incentives for carbon capture, the subject of a bipartisan Senate bill reintroduced in July, would help greatly.He said the U.S. Environmental Protection Agency’s New Source Review, or NSR, affects the number of retrofitting investment opportunities power companies are willing to make.“Many of the retrofit opportunities are on plants that are old and depreciated,” he said, and investors are reluctant to get behind them.More: ($) Massive initial cost is major barrier to CCUS projects, proponents say Investor Reluctance on Carbon-Capture Projectslast_img