Carbon Capture and Storage Investment Is Strongly Needed
Summary . Increased burning of fossil fuels leads to greater global warming, resulting in disasters from extreme weather events. These carry heavy financial burdens. An important, but unproven technology for mitigating global warming is removal and burying waste carbon dioxide using carbon capture and storage. Worldwide research, development and demonstration, while active, is considered inadequate to lead to industrial implementation by about 2020. Expanded support by government funding and private investment is needed to attain commercialization of this technology. Considered as a zero-sum undertaking, current investment expenditures in capture and storage would abate future expenses of responding to extreme weather disasters. Introduction. Increased Use of Fossil Fuels . Energy use around the world is projected to continue increasing in coming decades, due mostly to use by developing countries, especially China and India , as they p...