- CCS is one of the solutions necessary for reaching global climate goals
- The technology can make fossil fuel extraction cleaner and more efficient
- Costs are high, while varying market conditions create uncertainty
- Reaching the necessary capacity to help reduce climate change looks unlikely
There is no single magic bullet for turning global energy consumption patterns toward a cleaner future. Greening energy is not just about developing alternative sources of energy or ending the fossil fuel era. Any technology that aims to reduce the environmental footprint of the fossil fuels industry also falls under this category. One such technology is carbon capture and storage (CCS) which captures carbon dioxide (CO2) emissions, the main culprit behind planetary warming, before they make it into the atmosphere.
Fossil fuels will continue to provide the lion’s share of global energy needs for the foreseeable future. Without carbon capture technology, reaching international climate goals is practically impossible.