The underlying aims of EU environmental policy are to enhance natural capital, promote a resource-efficient economy, and safeguard the health of the people. The EU perceives environmental and economic considerations as being complementary, like two sides of the same coin. Greening the economy reduces environmental costs through more efficient use of resources, while new environmentally-friendly technologies and techniques create employment, give a boost to the economy, and strengthen the competitiveness of the European industry. At the same time, we are living in a world of great dependence on power supply, where blackouts are the biggest risk to the economy of any country and can impact on huge parts of the population. Therefore, proposals to support the target of a 27% share of renewables in power production or improving conditions for the introduction of carbon capture and storage technology (CCS) at the EU level become more than relevant. In terms of the electric power system, a single element is able to affect the functioning of the entire system. So, if finance is the nervous system of the economy, energy is most certainly its blood. Therefore, we have to think globally, too. We are not rich enough to invest in projects for simple problem-solving like CCS or reward power producers for the more efficient burning of coal. Coal is a resource of limited value and projects based upon its usage should have a strong multiplication effect, as well as efficiency of utilisation. In this article, I shall promote the merits of Corex technology because it could be a far better cost-effective solution for industry than the above-mentioned CCS, which is still [...]
In a few words
We represent the widely understood Central Europe energy sector (electricity generation, distribution and transmission, renewables, gas, oil, heat generation and distribution, chemical industries, etc.), universities and scientific institutions.