INTERNATIONAL PANEL FINDS CARBON SEQUESTRATION HAS HIGH PRICE TAG

The U.N. International Panel on Climate Change (IPCC) report on the feasibility of carbon sequestration has found that capturing and storing carbon dioxide (CO2) is possible but extremely costly, raising the price of electricity between one and five cents per kilowatt hour. Electricity now costs between 4 and 5 cents a kilowatt hour, meaning that sequestration could potentially double the cost, according to the report. The IPCC Special Report on Carbon Dioxide Capture and Storage, released Sept. 26, is the...