What does CCS stand for?

The current economics of carbon capture and sequestration projects require carbon dioxide to cost $US100 a ton to make a profit, David Lawrence, an executive vice president at Shell, said Nov.

The Chairman's Mark also changes the incentive program for carbon capture and sequestration (CCS) projects to allow certain recipients to claim incentive "bonus allowances" in advance, before actually sequestering any CO2; allows small petroleum refineries to defer compliance with the cap-and-trade program until 2015; and provides new allowance allocations for public transportation grants and transportation emission reduction programs.

Carbon has been captured on a relatively large scale--in the range of one to two million metric tons--from natural gas processing in Norway, Algeria and Canada, according to a report published last year by Hunton & Williams, on behalf of the Carbon Capture and Sequestration Alliance, a group made up of utility and energy companies, and the insurance carrier Zurich.

I think the concept has merit in reducing overall carbon capture and sequestration costs.

He said: "Mr Miliband's proposal is a fig leaf for building four huge unabated coal power stations, each with a small pilot plant attached for testing if carbon capture and sequestration is possible and viable.

The idea, called carbon capture and sequestration, or CCS, is at the cutting edge of attempts to dramatically reduce CO2 spewed by industrial plants into the atmosphere.

The idea, called carbon capture and sequestration, or CCS, is at the cutting edge of attempts to dramatically reduce CO2 spewed by industrial plants into the atmosphere.

In addition, a 20 percent research and development credit in taxable years 2009 and 2010 is provided for expenditures incurred in the fields of fuel cells, battery technology, renewable energy, energy conservation technology, efficient transmission and distribution of electricity, and carbon capture and sequestration.