Planned carbon capture projects jump 102% - report
The number of carbon capture projects operating around the world increased in the past year, but development of geologic storage for emissions needs to happen faster to reach climate targets, according to a new report from the Global CCS Institute.
The think tank’s annual analysis said 41 commercial-scale carbon capture and storage (CCS) projects are operating around the world, up nearly 37 percent from October of last year. The United States continues to dominate the industry, leading the number of facilities operating, in construction and under development, the institute said.
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.