Carbon capture and storage (CCS) is a family of technologies and techniques that enable the capture of CO2 from fuel combustion or from industrial processes, the transport of CO2 via ships or pipelines, and its storage underground, in depleted oil and gas fields and deep geological formations. The IEA estimates that CCS will play an important role as part of a cost-effective portfolio of solutions to combat climate change.
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Global Challenge....
The total investment cost of the needed 1800 installations could amount to nearly USD 900 billion. While this is a large sum of money, it only represents 2% of the total investment needed to halve global energy-related CO2 emissions by 2050, a level deemed necessary to combat climate change. Of this total, some USD 670 billion will be needed in the industrial sectors in developing countries, representing a significant challenge for financing. “While the developed world must pave the way for carbon capture and storage deployment efforts in the next decade, the technology must also spread rapidly in the developing world. The growth needed will require expanded international collaboration, supporting policies and financing for CCS demonstration in developing countries”, said Edward Clarence-Smith, UNIDO Representative and Director of the regional office in China.
More about the CSS project....
This is how it works
Refferances....
International Energy Agency:
It is like this...
Watch this video....
Global Challenge....
The total investment cost of the needed 1800 installations could amount to nearly USD 900 billion. While this is a large sum of money, it only represents 2% of the total investment needed to halve global energy-related CO2 emissions by 2050, a level deemed necessary to combat climate change. Of this total, some USD 670 billion will be needed in the industrial sectors in developing countries, representing a significant challenge for financing. “While the developed world must pave the way for carbon capture and storage deployment efforts in the next decade, the technology must also spread rapidly in the developing world. The growth needed will require expanded international collaboration, supporting policies and financing for CCS demonstration in developing countries”, said Edward Clarence-Smith, UNIDO Representative and Director of the regional office in China.
More about the CSS project....
This is how it works
Refferances....
International Energy Agency:
- A guide to Carbon Capture and Storage
- Carbon capture and storage has great potential in industrial applications
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