One of the main problems is that Europe's cap - and - trade system for carbon emissions has continued to grossly underperform, with prices for CO2 remaining below 5
Euros per ton.
On the policy level, Macron is lobbying Germany to set a minimum price of 30
euros per ton in the CO2 permit auction, about six times the current market price, which would further accelerate the clean energy transition in Europe.
Norway charges 45
euros per ton of CO2 emission taxes thus making it profitable to inject than to emit and this has resulted in thousands of tons of CO2 already injected into a saline formation under sea level in Sleipner in Norway since 1996.
«This is roughly double of the carbon prices discussed in the current political debate, and substantially more than cost estimates for afforestation which are at 24
Euros per ton of CO2 removed.
Ademe specialist Philippe Thauvin said collection costs are estimated at about 200
euros per ton, with another 60 - 80 euros / ton for methanization.
Not exact matches
The microalgae biomass market currently generates almost 10,000
tons of dry material yearly, producing a turnover of approximately 1,500 million
euros per year on a worldwide level.
The estimates range from 54
euros (54 US dollars)
per ton of CO2 captured, to $ 600
per ton.