A lack of early-stage proposals for carbon capture and storage schemes could hamper the rate of uptake of the technology, a key tool for radically reducing industrial emissions.
The number of carbon capture and storage (CCS) schemes doubled in 2014 to 22 globally — 13 in operation and nine in construction — with another 14 projects in advanced planning and 18 in early development, says Brad Page, chief executive of the Global Carbon Capture and Storage Institute.
“While we are seeing projects that should reach the stage of making a financial investment decision in the next 12 months, what we’re not seeing is projects coming in at the bottom of the process . . . The pipeline is not full,” says Mr Page.
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