Abstract
This Energy Insights report looks at the current situation of carbon capture
and storage (CCS) technologies, and their potential for the future. With energy
demand expected to grow by 45% between now and 2030, and with that an increase
in CO2 and other GHG emissions, CCS is becoming more and
more a viable option to achieve sustainability in the near future.
"Increasing energy efficiency and using more renewable and nuclear energy are
vital to reduce emissions, but they will not be sufficient to keep up with the
increase in global energy demand. Fossil fuels, like it or not, will remain the
world' s main source of energy for a while," said Roberta Bigliani, EMEA
research director, Energy Insights. "Indeed, cleaning up fossil fuels is a
necessary additional option in the full portfolio of actions that will lead us
to a low-carbon future."
Several things need to be done in order to make CCS a reality, but the
financial crisis, the EU Climate Package adoption, the new U.S. presidency, and
most importantly the UN Climate Change Conference in Copenhagen in December
2009 will all play a defining role in whether CCS technology sinks or swims.
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