Carbon Capture in Europe

European nations agreed how they would carve up billions of euros of European Union funding to help develop advanced renewable power or carbon-trapping technology. The funding was agreed in 2008 to support Carbon Capture and Storage technology -- a method of burying harmful gases, which many power producers say is a potential silver bullet to curb climate-warming emissions from coal.

But additional costs of around 1 billion euros per power-plant have prevented CCS taking off. In its eternal quest to avoid disparities, the EU later invited pioneers of cutting-edge renewable technologies to compete for the funding, dubbed the "NER 300" and worth around 4 billion euros($5.6 billion).

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