RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EMISSIONS: EU Innovation Fund To Lower Carbon Capture Project Costs

EMISSIONS
BulletPower BulletsEnergy BulletsCommodities

The EU’s innovation fund scheme could reduce carbon capture project costs for certain industries according to BNEF. 

  • The scheme could reduce carbon capture cost for a cement plant in Germany by 20%.
  • Germany is estimated to account for 20% of the bloc’s cement sector’s proposed carbon capture and storage capacity by 2030, with two projects selected for an Innovation fund grant in 2023.
  • The projects received an average funding of $240/ton of annual CO2 capture capacity, equivalent to 56% of the upfront costs for a an average cement plant in Germany. 
     
91 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The EU’s innovation fund scheme could reduce carbon capture project costs for certain industries according to BNEF. 

  • The scheme could reduce carbon capture cost for a cement plant in Germany by 20%.
  • Germany is estimated to account for 20% of the bloc’s cement sector’s proposed carbon capture and storage capacity by 2030, with two projects selected for an Innovation fund grant in 2023.
  • The projects received an average funding of $240/ton of annual CO2 capture capacity, equivalent to 56% of the upfront costs for a an average cement plant in Germany.