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This paper synthesizes key insights and conclusions from an SEI-led study on carbon capture and storage that included review work, policy analysis, and interviews with actors in the global CCS community.
These are; (i) a tenfold up-scaling in size (MW) from pilot plants to that of commercial demonstration, (ii) a tenfold increase in number of large scale demonstration plants actually being constructed, (iii) a tenfold increase in available annual funding over the coming 40 years and, (iv) a tenfold increase in the price put on carbon dioxide emissions.
It is clear that the current development path will not fulfill expectations of CCS being commercially available at the end of this decade, nor will CCS be widely applied in time for significant contributions to needed CO2 emission reductions. CCS will only be developed if policy-makers continue to favour coal-based power generation while simultaneously developing stringent climate policy.
Read the article (external link to journal)
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