Major projects aiming at capturing and burying carbon dioxide underground have slowed worldwide, according to a study by the Global CCS Institute in Australia.

Despite the common view among experts that carbon capture and storage (CCS) technologies could play a crucial role in slowing the atmospheric buildup of greenhouse gases, the number of major CCS projects fell from 75 to 65 over the past year.

Although the U.S. currently leads the world in CCS projects, most of them involve pumping carbon into old oil wells to stimulate additional oil production. China, the world’s largest producer of carbon dioxide, seems poised to become the new leader in CCS, with 12 projects in the works, the study noted.

A major hurdle for the growth of CCS has been the lack of investments in projects based on new technologies, the analysts said. CCS technology has so far not proven to be commercially viable in the U.S. or abroad, The New York Times reported.

Article appearing courtesy Yale Environment 360.

Share.

About Author

Yale Environment 360 is an online magazine offering opinion, analysis, reporting and debate on global environmental issues. We feature original articles by scientists, journalists, environmentalists, academics, policy makers, and business people, as well as multimedia content and a daily digest of major environmental news. Yale Environment 360 is published by the Yale School of Forestry & Environmental Studies and Yale University. We are funded in part by the Gordon and Betty Moore Foundation and by the John D. and Catherine T. MacArthur Foundation. The opinions and views expressed in Yale Environment 360 are those of the authors and not of the Yale School of Forestry & Environmental Studies or of Yale University.

Comments are closed.