TYPE 1: Fossil Fuel Power Plants with Operational Carbon Capture and Storage (CCS)
Definition:
A process consisting of the separation of CO2 stream from the emissions produced by fossil fuel generation sources, transport to a storage site, for the purposes of environmentally safe and permanent geological storage of CO2 or use as an input or feedstock to create products or services.
Standards:
Carbon intensity shall achieve a level equal to or less than 350 metric ton CO2 per GWh vented to atmosphere;
or
In the case of all projects, a capture and storage rate that would reduce the plant’s carbon emissions by 65% or greater;
or
The capture rate has to be at least 85% of CO2 emitted by the equipment included in the application for officially supported export credits. The 85% is to apply at normal operating conditions.
Maximum Repayment Term:
18 years