Corporate support for CCS doesn’t match UN guidelines - report
Fossil fuel companies are behind the majority of carbon capture and storage advocacy, but most of those efforts are not aligned with pathways meant to keep global warming “well below” 2 degrees Celsius, according to a new report.
Analysts at the InfluenceMap think tank — which examined more than 750 examples of corporate advocacy related to CCS — found that over 80 percent of documented instances were out of step with policy guidance from the U.N.’s Intergovernmental Panel on Climate Change (IPCC).
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.