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From Common Dreams
Summary
An international coalition of green organizations is urging the EU to abandon funding for carbon capture and storage (CCS) projects, labeling them as ineffective and influenced by fossil fuel interests. They advocate for a shift towards renewable energy solutions and a total phaseout of fossil fuels, emphasizing that taxpayer money should be directed towards sustainable community initiatives rather than unproven technologies.
Highlights -🌍
- Green Coalition’s Warning: 43 organizations oppose CCS funding, calling it reckless. 🚨
- High Costs: Europe’s CCS projects could cost around €520 billion ($569 billion). 💸
- Ineffective Solutions: CCS criticized as one of the least effective methods for emissions reduction. ❌
- Fossil Fuel Influence: Concerns over the fossil fuel industry dominating CCS discussions. 🔥
- Investment Shift: Advocates for reallocating funds to renewable energy and community needs. 🌱
- EU Energy Commissioner: Claims CCS is vital, contrasting with green groups’ views. 🤔
- Call to Action: Urging EU policymakers to prioritize real climate solutions. 📢
As attendees gathered in the south of France Thursday for the start of a European Union-hosted summit on carbon capture and storage, an international coalition of green groups warned against funding “reckless, unscientific, and lobbyist-driven” false climate solutions and instead urged investment in “a just transition that prioritizes renewable energy, energy demand reduction, and energy efficiency.”
“Today the Industrial Carbon Management Forum (ICMF) kicks off in Pau, France,” 43 organizations wrote in a letter to the European Commission. “This forum has been revealed to be dominated by fossil fuel interests to the exclusion of civil society stakeholders and other expert voices with critical views.”
The letter points to a report published Thursday by the Institute for Energy Economics and Financial Analysis (IEEFA), which concluded that “most of Europe’s planned carbon capture and storage (CCS) applications are too expensive to work on a commercial basis and are nowhere near ready to be rolled out.”
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Read the full post at Common Dreams.
