Energy

Enel CEO skeptical of carbon capture and storage technology

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The CEO of multinational Italian energy firm Enel has expressed doubt on the usefulness of carbon capture and storage, suggesting the technology is not a climate solution.

“We have tried and tried — and when I say ‘we’, I mean the electricity industry,” Francesco Starace told CNBC’s Karen Tso on Wednesday.

“You can imagine, we tried hard in the past 10 years — maybe more, 15 years — because if we had a reliable and economically interesting solution, why would we go and shut down all these coal plants [when] we could decarbonize the system?”

The European Commission, the EU’s executive arm, has described carbon capture and storage as a suite of technologies focused on “capturing,…



Source cnbc.com

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