Senators Revive Financing Tactic From ’70s For Carbon Emissions

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Publish Date:
November 18, 2015
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Source:
The New York Times
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Summary

Dan Reicher comments in this piece on financing carbon capture projects. 

For years, power companies, manufacturers and entrepreneurs have tried to make capturing and storing carbon emissions from industrial operations like burning coal into a business, to little avail.

Despite decades of promising research, demonstration projects and government investment, large-scale developments have often proved too difficult and costly to get off the ground.

“It’s less about how to make it work technically these days but more about how to make it work financially,” said Dan Reicher, who helped draft the proposed legislation and is the executive director of the Steyer-Taylor Center for Energy Policy and Finance at Stanford University.

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