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Market Research Report

Carbon Capture and Storage: A Case for Action

Published by Energy Insights Contact us : +1-860-674-8796
Published 2009/03 Content info Pages: 20
Product code ENER84226
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Description TOC

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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