As the leaders of the world are gathering in Copenhagen (Denmark) to try to agree on Post-Kyoto Greenhouse Gas (GHG) emission requirements or more likely agree on the roadmap which will lead to such agreement, the International Energy Agency (IEA) released its report "Technology Roadmap for Carbon Capture and Storage".
Key points of the new report include:
- A call for 100 CCS (Carbon Capture and Sequestration) projects to be deployed by 2020; a significant increase on the IEA's previous estimated requirement of 30 projects;
- Over 3000 CCS projects needed by 2050;
- An additional global investment of at least US$2.5-3 trillion between 2010 and 2050 in order to achieve the projected project deployment target; and
- CCS financing levels of US$1.5-2.5 billion annually in developing countries (through international collaboration).
These estimates are an order of magnitude higher than previous estimates, not to mention that they are likely to increase further as CCS technologies move from the laboratory to pilot and demonstration scale. Also, I doubt very much that the various Governments can keep their commitments at a time of such severe fiscal constraints. Let’s see what would be the agreement in Copenhagen, but it does not look promising!
No comments:
Post a Comment