The Carbon Capture & Storage (CCS) Market 2014-2024

The Carbon Capture & Storage (CCS)The Carbon Capture & Storage (CCS) Market 2014-2024 PR Newswire LONDON, January 7, 2014 Report Details Human consumption of fossil fuels is a major source of carbon dioxide (CO2) and greenhouse gas (GHG) emissions globally. In the largest economies of the world, such as the US and China, coal-burning power stations remain responsible for a large volume of electricity generated carbon emissions. Other sources are found in industrial sites and other thermal power plants, such as natural gas fired. These emissions are increasing year on year, leading to concerns over permanent climate change, ocean acidification and air quality changes. A reduction in GHG emissions has since been made essential at international, national and regional policy levels. Carbon capture & storage (CCS) has been proposed as a technology to aid in these climate change mitigation strategies. Although CCS may not be the only option for reducing global CO2 emissions, it is one of the most direct options. In a world that still relies heavily on fossil fuel generated power, CCS offers the ability to capture CO2 emissions without having to reinvest in completely alternative energy sources and technologies. With rapidly growing consumption of coal, particularly in developing nations such as China and India, but also in regions such as the US, CCS is a robust option for emissions mitigation. The market is still immature, with few large scale developments worldwide.