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Growth of Carbon Capture and Storage Stalled in 2011
Date:09 May 2012
Global funding for carbon capture and storage technology, a tool for the reduction of greenhouse gas emissions, remained unchanged at US$23.5 billion in 2011 in comparison to the previous year, according to a new report from the Worldwatch Institute. Although there are currently 75 large-scale, fully integrated carbon capture and storage projects in 17 countries at various stages of development, only eight are operational -- a figure that has not changed since 2009. Carbon capture and storage, more commonly known as CCS, refers to the technology that attempts to capture carbon dioxide from a human-created source -- often industry and power generation systems -- and then store it in permanent geologic reservoirs so that it never enters the atmosphere. The United States is the leading funder of large-scale CCS projects, followed by the European Union and Canada . The new Worldwatch report, part of the Institute's Vital Signs Online series analyzing key global trends, discusses a variety of new CCS projects and facilities throughout the world. Among these is the Century Plant in the United States , which began operating in 2010.