China extends green tech lead to carbon capture and sequestration - Nikkei Asia
China extends green tech lead to carbon capture and sequestration - Nikkei Asia
TOKYO -- China is increasing its competitive edge in advanced technologies to combat global warming, a Nikkei survey shows, taking the global lead in patents related to the capture and sequestration of industrial carbon dioxide emissions.
China's lead in the area is three times as large as that of second-place U.S. China is also the global market leader in batteries for electric vehicles and solar panels, giving it growing dominance in the decarbonization supply chain.
Related Knowledge Center: Carbon capture
The federal government is investing heavily in the development of carbon capture and storage (or sequestration), which offers the enticing prospect of preventing carbon dioxide emissions produced during combustion from entering the atmosphere and contributing to climate change. But the technologies involved, while proven, remain expensive, an obstacle to widespread adoption.