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Current Cost of Supplies
(redirected from CCS)

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Current Cost of Supplies
Referring to the net income of a company after accounting for changes in expenses, especially those that affect the company's products. Calculating net income that accounts for the current cost of supplies is most common for companies that produce and sell commodities. For example, because oil and natural gas prices are quite volatile, the current cost of supplies can greatly impact an energy company's net income.


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Five large-scale integrated CCS projects are now operating in North America, Europe and North Africa.
But progress in developing CCS in the UK needs to be "greatly accelerated" if it is to deliver major emissions cuts, as well as jobs and economic opportunities.
The Hatfield scheme has been judged as the third best in Europe by the Commission, beating off rival UK applications for money for CCS development at Longannet and a proposed new power station at Kingsnorth.
 
 
 
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