Auto Trader Ltd
Farminguk
26 September 2016 | Online since 2003
Auto Trader Ltd


10 May 2012 15:25:50 |News,Renewables

Carbon capture and storage stalled in 2011


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.

"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," said report author and Worldwatch Sustainable Energy Fellow, Matthew Lucky.
"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.

The prospects for future development and application of CCS technology will be influenced by a variety of factors, according to the report. This March, the U.S. Environmental Protection Agency proposed regulations on carbon dioxide emissions from power plants.
As a result, U.S. power producers would soon be unable to build traditional coal plants without carbon-control capabilities (including CCS). The technology will likely become increasingly important as power producers adjust to the new regulations.

Globally, an international regulatory framework for CCS is developing slowly, and the technology has been factored into international climate negotiations.
Its classification as a Clean Development Mechanism - a measure created through the United Nations Framework Convention on Climate Change that allows industrialized countries to gain credit for emissions reductions they achieve through funding development projects in developing countries - has raised objections, however, from those who argue that it risks prolonging the use of carbon-intensive industries.

"CCS technology is worth exploring as one of a large array of potential strategies for slowing the buildup of carbon dioxide in the atmosphere," said Worldwatch President Robert Engelman.
"But as this report demonstrates, right now there’s little progress in realizing this potential. A technology capable of permanently sequestering large amounts of carbon will be expensive, and so far the world’s markets and governments haven’t assigned much value to carbon or to the prevention of human-caused climate change. Ultimately, that will be needed for real progress in CCS development and implementation."

Download

0 Comment

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment


New Zealand | 26 September 2016
Foreign investment in food raises fears over loss of control

Silver Fern Farms' controversial $260 million deal with Shanghai Maling received the final tick of approval from the government last week, based on its belief the purchase would be a substantial benef...


Denmark | 26 September 2016
Denmark and Malaysia signs agriculture deal

On 22 September Minister for Agriculture & Agro-based Industries, Dato’ Sri Ahmad Shabery Cheek and his Danish counterpart, Minister Esben Lunde Larsen, finally signed the Memorandum of Understanding ...


USA | 26 September 2016
California farmers drilling wells as groundwater limits loom

Farmers in central California are drilling more and deeper wells than ever before to pump water for their fruit orchards and sprawling fields following government imposed limits on surface water. T...


New Zealand | 26 September 2016
Fonterra profits jump 65% despite ongoing challenges in dairy markets

Despite ongoing challenges in the dairy market, Fonterra, the New Zealand-based co-op, has posted a 65% increase in profits for the 2015/2016 financial year. The co-op has seen net profits increase...


Romania | 26 September 2016
Romania may suspend farmland purchases by foreigners for three years

Romania may suspend farmland purchases by foreign individuals and companies for a period of three years if a draft law currently debated in the Parliament is approved. The new bill aims to set stri...



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

Labour will end the badger cull and prioritise ending bovine TB, Shadow Def...


FarmingUK
FarmingUK Logo

FarmingUK

A herd of rare White Park cattle could die out if its owners do not urgentl...


FarmingUK
FarmingUK Logo

FarmingUK

The UK government is "failing" to support farmers in the long-term accordin...


FarmingUK
FarmingUK Logo

FarmingUK

Retailer Co-op has announced that from May 2017 all of its bacon and lamb w...


FarmingUK
FarmingUK Logo

FarmingUK

Over 50 wildlife organisations have compiled a stock-take of all the UK's n...


FarmingUK
FarmingUK Logo

FarmingUK

In the run up to the EU farm ministers meeting the agricultural sector have...


FarmingUK
FarmingUK Logo

FarmingUK

The RPA must iron out a number of problems that still exist with 2015 BPS p...


FarmingUK
FarmingUK Logo

FarmingUK

Tourism businesses in the countryside are being held back due to the uncert...


FarmingUK
FarmingUK Logo

FarmingUK

A 24 point action plan aimed at revitalising Scotland's sheep sector after ...


FarmingUK
FarmingUK Logo

FarmingUK

A new survey has revealed that the vast majority of British consumers belie...


closeicon
Username
Password