The thing I’ve found most fascinating about the responses to the Treasury’s ETS modelling
released yesterday is how, all of a sudden, a pile of big coal’s
biggest fans are agreeing with us that coal with geosequestration isn’t
going to come cheap!
Malcolm Turnbull, for example, told the media yesterday
that “The cost of carbon capture and storage is probably the biggest
single assumption in this whole analysis… There is no full-blown
demonstration plant employing carbon capture and storage so estimates
of its costs are speculative.”
Delicious
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