ancing of carbon capture and storage (CCS) projects? Jeff Chapman: The first thing to get to grips with is that initial CCS projects will be considerably more expensive than projects further down the line. McKinsey have recently delivered a report on this,1 and their findings are that the likely cost of current projects in Europe would be about €60-90 per tonne because of the incremental costs of adding CCS to new coal fired power plants. In the longer run, they say that it should come down to €30-50 per tonne. Let’s put that in the c