Jeremy Bentham, Shell’s vice president of business environment, also called on the European Union to take vital decisions "within five years" to shape the pattern of energy supply and global warming.
Shell reiterated the view of many in the industry that the price of CO2 emissions permits needed some certainty if vital technological investment was to be made. CCS, he said, required the right regulatory framework and pricing structure, with carbon pricing at "above $50 and below $100 per tonne" — and "probably" closer to the higher figure.
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