The Financial Times – Mike Scott

For many years, carbon capture and storage (CCS) — trapping carbon emissions as they are emitted by power stations and industrial installations and storing them underground — has been hailed as vital to helping decarbonise the economics of energy.

The circumstances are stark, says Luke Warren, chief executive of the Carbon Capture and Storage Association: “If you remove CCS from the mix, the cost of meeting the target of limiting average temperature to two degrees centigrade rises by 138 per cent.”

Nonetheless, progress in establishing the credentials of the process has been slow. According to Greenpeace, the environmental pressure group: “Despite years of vociferous backing from the International Energy Agency, the Intergovernmental Panel on Climate Change and a host of major world leaders, CCS continues to move forward at only a snail’s pace”.

Read the full article on The Financial Times website here.