Sept. 4 (Bloomberg) -- Western governments pushing China to use clean-coal technology may need to lower their expectations for the world’s largest producer of greenhouse gases.
Costs will total as much as $400 billion over 30 years to install systems to capture carbon dioxide from power plant smokestacks in China and bury it underground, said Richard Morse, a Stanford University research associate and author of a study on the technology. China has little incentive to use carbon capture because it will raise power prices and it’s unclear if wealthier nations will pick up the bill, Morse said in an interview.
