National Low Emissions Coal Council chairman Dick Wells says even the introduction of a carbon price in July will not entice the coal industry to invest the billions required for clean-coal plants because it makes no financial sense and punishes shareholders.
He says carbon capture and storage (CCS) will not play a major role in combating dangerous climate change unless the Gillard Government dramatically increases industry assistance.
[url=http://www.abc.net.au/news/2012-02-15/clean-coal-unviable-advisor-says/3828946]Clean coal ‘unviable for two decades’ – ABC[/url]