Carbon Capture & Storage
Carbon capture and geological storage (CCS) technology is the only currently available technology that allows very deep cuts to be made in CO2 emissions to atmosphere from fossil fuels at the scale needed.
Failure to widely deploy CCS will seriously hamper international efforts to address climate change. The Intergovernmental Panel on Climate Change (IPCC) - the pre-eminent body on climate science - has identified CCS as a critical technology to stabilise atmospheric greenhouse gas concentrations in an economically efficient manner. The IPCC found that CCS could contribute up to 55% of the cumulative mitigation effort by 2100 while reducing the costs of stabilisation to society by 30% or more.
CCS will be needed across a number of sectors that need to tackle CO2 emissions, including fossil fuel power stations (coal, gas and oil), steel, aluminium, cement and chemicals.