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Big cuts can come cheap – if two-thirds of coal plants have CCS
Australia can affordably slash its emissions 60% below 1990 levels in just over 20 years, says a study released today by consultancy McKinsey & Company, but it will mean fitting two-thirds of coal-fired plants with carbon capture and storage technology by 2030. If that doesn't happen, costs would rise.
The study also says Kyoto's Clean Development Mechanism could make the abatement challenge massively cheaper – and concludes nuclear would make the task even less costly.
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