Although currently negligible in prominence, carbon capture and
storage (CCS) could be the technology that makes the world’s carbon
emission reduction targets achievable, says energy expert GlobalData.
CCS techniques, such as enhanced oil recovery, have been used in the
energy sector for decades, but only recently has the concept of long
term carbon storage been viewed as a viable means of reducing the amount
of carbon released into the atmosphere from power plants.
Correspondingly, a modest 238 MW of CCS capacity was installed
globally at the end of 2011, but according to current government plans
and other initiatives, a far more substantial 10 GW is expected to come
online by the end of the decade.
CCS refers to the technology of capturing carbon dioxide (CO2) before
or after the combustion of fossil fuels (gas or coal), transporting it
and pumping it into underground geological formations.
This process
prevents large quantities of CO2 from being released into the atmosphere
by securely storing it between impermeable rock or similar material.
China, the US, Australia, Japan, Norway, the Netherlands and the UK
have invested heavily in CCS research and development activities and are
the global leaders in the industry; however, there are currently no
large-scale CCS demonstration projects active for coal-fired plants.
Governments around the world are showing a lack of commitment in
significantly reducing fossil fuel consumption, and so CCS could prove
the most realistic answer to one of the greatest predicaments of our
time.
However, this technology must be employed much more widely in
order for CCS to make the level of impact its potential suggests.
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