I follow David Hone, though not the details. He’s really keen on CCS, and has (I think) a strong commercial interest in it succeeding. But there is no real answer to “its not commercially viable” – and I think it remains non-viable even at plausible CO2-price levels ($80 / tonne is Sternish, no?). So, inevitably, sigh, the talk turns to regulation (um. Does that ring any bells?).
The latest is Can a technology specific policy exist in a carbon market? I didn’t have the patience to read it all. Just reading a little bit of it is enough to convince me that this is not the right way to go. What is described there (in all seriousness, as far as I can tell) is the way to create yet more heaps of market-distorting environment-distorting regulations and yet more parasitic bureacratic classes.