Economic growth has been a priority for the European Union (EU) since its creation. The Paris Agreement targets will not be reached by technological and policy measures alone, businesses need to contribute and commit to the decarbonisation journey. The Business Guide calls to policymakers and businesses to move decarbonisation strategies from words to reality.
No business model is the same for CSP due to the complexity of projects in terms of engaged actors across the different stages. MUSTEC project team investigated the CSP industry to identify the existing business models and found that the CSP industry has been forced to adjust its original business models. This post further discusses risks and barriers for the CSP industry but also financing opportunities.
GHG emissions need to be reduced practically to zero by 2050. However, there are currently numerous coal-fired power stations around the world at different stages of construction, and if built and become active, their expected future emissions will make it difficult to reach the targets in the Paris Agreement. Carbon Capture and Storage could reduce future emissions, but its future availability is still highly uncertain.