(BN) CO2 Capture Can’t Rely Solely on UN CDM Credits, Citigroup Says


CO2 Capture Can't Rely Solely on UN CDM Credits, Citigroup Says
2010-12-15 11:25:22.209 GMT

By Mathew Carr
Dec. 15 (Bloomberg) -- Projects to capture and store carbon
emissions from burning fossil fuels won't be able to rely solely
on financing from the United Nations' Clean Development
Mechanism, analysts at Citigroup Inc. said.
Carbon credits are now priced too low to support the
technology known as CCS, which costs about 100 euros a metric
ton of CO2 stored, Meg Brown, a London-based analyst for
Citigroup, said in a research note e-mailed today. UN credits
trade today at about 12 euros, and CCS may fall to about 40
euros a ton when the technology "matures," she said.

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