Governments and industries need closer collaboration

"Under Europe's current carbon trading scheme, companies that undertake projects to capture and store CO2 receive no credit for the emissions. That must change", comments Jeroen van der Veer, chief executive of Royal Dutch Shell. "Public funding would also help to make this technology more viable. Unless governments and industry work more closely together, there will be little incentive to undertake projects - and the practice of capturing carbon will likely develop at a crawl. Biofuels made from plants and organic waste also have the potential to lower transport emissions. Today, however, many are made from food crops ... that require lots of energy to produce ... At Shell we focus on second or even third-generation biofuels that squeeze more litres out of fewer acres. We believe that laws to promote the use of biofuels should reward ones that deliver the most CO2 savings and that reduce costs."

» more information (external link, English)
More from the press review on the subject » Environmental Policy, » Energy, » Corporations, » Europe