A capture option is an option contract where the option holder can exercise a contract to retrofit an existing fossil fuel plant to capture carbon dioxide (rm CO₂) on or before a fixed date. We suggest that new thermal power plants, particularly those in developing countries, consider issuing...

China has been building at least 50 gigawatt (GW) of new coal-fired power plants every year since 2004. In the absence of CO2 capture ready (CCR) designs, a large fraction of new coal power plants built in the next decade could face ‘carbon lock-in’. Building on the existing engineering and...

We present results of a major survey of Chinese opinion leaders conducted from March to April 2009, supported by EU-UK-China near zero emissions coal (NZEC) initiative. Respondents were drawn from 27 provinces and regions using an online survey with follow-up face-to-face interviews. A total of...

Building on previous stakeholder consultations from 2006 to 2010, we conduct a financial analysis for a generic CCS power plant in China. In comparison with conventional thermal generation technologies, a coal-fired power plant with CCS requires either a 70% higher on-grid electricity tariff or...