CCS must be part of the global climate response, says IEA
The climate ambition enshrined within the Paris Agreement has increased the need for carbon capture and storage (CCS), according to the International Energy Agency (IEA). A report issued by the organisation on Tuesday 15 November said that, without CCS, the transformation of the power sector would be at least $3.5tn more expensive. It said that currently the pace of CCS deployment was “out of step” with Paris ambitions and that the pipeline of new projects was “shrinking rather than growing”. The report argued that targeted financial support and deployment of CO2 storage resources remained essential to catalysing the development of CCS.