Research and analysis

Investable commercial frameworks for 'power-BECCS'

This report explores frameworks that could best enable short-term deployment of bioenergy with carbon capture and storage in the power sector (power-BECCS).

From:
Department for Energy Security and Net Zero and Department for Business, Energy & Industrial Strategy
Published
19 October 2021

Documents

Investable commercial frameworks for power-BECCS

PDF, 1.91 MB, 96 pages

Details

Modelling by the Department for Business, Energy and Industrial Strategy (BEIS) suggests that bioenergy with carbon capture and storage in the power sector (power-BECCS) will need to be available by the end of this decade in order to meet our carbon budgets in the 2030s.

At present, negative emissions have little financial value, and so policy is needed to support in making the technology commercially viable.

BEIS commissioned Element Energy and Vivid Economics to conduct a joint study exploring viable commercial frameworks that could support first of a kind power-BECCS. The report concluded in spring 2021.

Published 19 October 2021