All options are on the table
EU energy security could mean a comeback to coal using CCS
Peter GarnryHead of Equity StrategySummary: Europe's fragmented energy policy has led to a national security crisis which will now be addressed by Europe at the fastest pace possible. Of all the options including coal, nuclear, solar and wind, thermal coal is by far the quickest way to convert power plants from using gas. But the gas-to-coal switch comes with a cost to the environment and our narrative in Europe about the green transformation. However, the carbon capture storage (CCS) technology is rapidly advancing and Europe could bring coal back contingent on combining it with CCS creating a new industry. We explore combining coal with CSS and highlights the different companies involved in those two industries.