Carbon Funds coming our way?
This imaginative but pragmatic idea was front page main news, in only one local English daily on July 16th! One wonders why other local English dailies missed out on it. Reportedly, the idea has come from the UK Foreign Secretary's Special Representative for Climate Change, Mr. John Aston!
As the cost of a CCS (Carbon Capture & Storage) facility will be very high; Mr. Ashton proposes that the 'fast-track fund' for carbon technology can be used to finance such a project in Bangladesh; where coal can be locally available! In my opinion, this is an interesting proposition; and we should latch on to it. UK can set up both the Coal Fired Power Plant and the associated CCS facilities for say a 200 to 300 MW power plant; located suitably for easy transport of coal, both imported from our mines in future! We must follow up on this interesting proposal with urgency, and make good use of the 'Carbon Funds' that is coming our way. Let us hope, that in overall national interest, this idea is taken up and swiftly followed up by concerned authorities at the soonest!
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