Carbon Capture a Justified ‘$1bn Bet’ Given Possible Returns
Carbon capture and storage (CCS) may have become a gamble for austerity-pressed economies but don’t walk away now, a British academic has said.
The fledgling technology that sucks CO2 from industrial plants is indispensable if countries are serious about preventing catastrophic global warming, the University of Cambridge’s David Reiner wrote in journal Nature Energy on Monday.
Without it, the cost of tackling global warming will double says the UN climate science panel. The world leading energy forecaster, the IEA, says it could account for a sixth of carbon cuts by 2050.