Global funding for carbon capture and storage technology, a tool for the reduction of greenhouse gas emissions, remained unchanged at US$23.5 billion in 2011 in comparison to the previous year, according to a new report from the Worldwatch Institute. Although there are currently 75 large-scale, fully integrated carbon capture and storage projects in 17 countries at various stages of development, only eight are operational—a figure that has not changed since 2009. Carbon capture and storage, more commonly known as CCS, refers to the technology that attempts to capture carbon dioxide from a human-created source—often industry and power generation systems—and then store it in permanent geologic reservoirs so that it never enters the atmosphere. The United States is the leading funder of large-scale CCS projects, followed by the European Union and Canada. The new Worldwatch report, part of the Institute’s Vital Signs Online series analyzing key global trends, discusses a variety of new CCS projects and facilities throughout the world. Among these is the Century Plant in the United States, which began operating in 2010.
Global funding for carbon capture and storage technology, a tool for the reduction of greenhouse gas emissions, remained unchanged at US$23.5 billion in 2011 in comparison to the previous year, according to a new report from the Worldwatch Institute. Although there are currently 75 large-scale, fully integrated carbon capture and storage projects in 17 countries at various stages of development, only eight are operational—a figure that has not changed since 2009. Carbon capture and storage, more commonly known as CCS, refers to the technology that attempts to capture carbon dioxide from a human-created source—often industry and power generation systems—and then store it in permanent geologic reservoirs so that it never enters the atmosphere. The United States is the leading funder of large-scale CCS projects, followed by the European Union and Canada. The new Worldwatch report, part of the Institute’s Vital Signs Online series analyzing key global trends, discusses a variety of new CCS projects and facilities throughout the world. Among these is the Century Plant in the United States, which began operating in 2010.
!ADVERTISEMENT!
Although CCS technology has the potential to significantly reduce carbon dioxide emissions—particularly when used in greenhouse gas-intensive coal plants—developing the CCS sector to the point that it can make a serious contribution to emissions reduction will require large-scale investment. Capacity will have to be increased several times over before CCS can begin to make a dent in global emissions. Currently, the storage capacity of all active and planned large-scale CCS projects is equivalent to only about 0.5 percent of the emissions from energy production in 2010.
Article continues at CCS.
Carbon Capture image via WorldWatch.
