IEA heavily critical of slow carbon capture rollout

Leading figures within the International Energy Agency (IEA) have spoken out to highlight the poor adoption rates by utilities of carbon capture and storage technology.

Industrial Info reports that the IEA's Deputy Executive Director Ambassador, Richard Jones claimed that clean energy technologies are not being deployed quickly enough.

Backed up by its Tracking Clean Energy Progress report, the IEA highlighted that up to 40 fossil fuel-fired power stations fitted with commercial-scale CCS technology need to be in place by 2020 but at the moment that figure stands at zero.

"We have a responsibility and a golden opportunity to act," claimed Jones, speaking at the Clean Energy Summit in London, "Energy-related CO2 emissions are at historic highs; under current policies, we estimate that energy use and CO2 emissions would increase by a third by 2020, and almost double by 2050.

This would likely send global temperatures at least 6°C higher.”

Maria van der Hoeven, executive director of the IEA, explained: "Technologies with great potential for energy and emissions savings are making much less progress.

In addition, half of new electricity demand has been met by coal; and to make things more challenging, 50 per cent of those new coal fired power plants are still being built with inefficient technology. All these trends are going in the wrong direction."

The IEA has proposed a three-pronged strategy, which includes bringing in a level playing field for clean energy technologies, unlocking the potential of energy efficiency, the "hidden fuel" of the future and accelerating energy innovation and public support for research, development and demonstration.

Earlier this month, after several delays, the U.K. government launched its £1bn ($1.58 bn) funding competition to drive the development of commercial-scale CCS projects in the coal fired and gas fired power sectors.

For more gas fired power news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...