This World Bank report assesses some of the most important barriers facing CCS deployment within the context of developing and transition economies. Climate Focus in collaboration with Carbon Counts provided a background paper that formed the basis of chapter 5. Carbon Capture and Storage (CCS) could have a significant impact as a carbon mitigation technology in greenhouse gas emitting industries. Given the nascence of CCS technology, with only eight large-scale integrated projects in the world, there are still significant challenges that must be overcome for large-scale deployment. These include addressing technical issues of integration and scale-up, legal and regulatory requirements to reduce investor risk, policies to create market drivers and mitigate economic impacts including increases in electricity prices, and financing mechanisms to facilitate investment in CCS technology.
The report is available here.
