Netherlands subsidises Porthos CCS project with carbon ‘contract for difference’
As the EU ETS price rises, the burden on Dutch taxpayers falls
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Carbon capture and storage makes most economic sense when deployed in hard-to-abate segments such as heavy industry, but who will stump up the billions required to build such projects? The Dutch government has answered that question by bearing a big slice of the cost burden of the Porthos CCS project in Rotterdam, and thereby handing a big subsidy to tw…