Around 10 GW of carbon capture and storage capacity is expected to come online by 2020, according to a new report.
This is in contrast to the 238 MW that were installed by the end of 2011.
The report from analysts at Global Data states that “although currently negligible in prominence, CCS could be the technology that makes the world’s carbon emission reduction targets achievable”.
The report accuses governments around the world of “showing a lack of commitment in significantly reducing fossil fuel consumption”. Therefore it stresses that CCS “could prove the most realistic answer to one of the greatest predicaments of our time”.