Netherlands subsidises Porthos CCS project with carbon ‘contract for difference’

As the EU ETS price rises, the burden on Dutch taxpayers falls

Carbon capture and storage makes most economic sense when deployed in hard-to-abate segments such as heavy industry, but who will stump up the billions required to build such projects? The Dutch government has answered that question by bearing a big slice of the cost burden of the Porthos CCS project in Rotterdam, and thereby handing a big subsidy to tw…