Funding carbon capture and storage in developing countries

Organisation: Global CCS Institute, Asian Development Bank (ADB), World Bank, World Resources Institute

In order for CCS to play its role in reducing global CO2 emissions on a significant scale, it will need to be deployed in developed and developing countries, particularly given that it is expected that all of the net fossil fuel growth (and associated CO2 emissions) will be in developing countries in the coming decades.

While there is a strong climate change case for supporting CCS, there is currently only a relatively weak ‘business case’ for CCS in most developing countries. This report, developed for the Third Clean Energy Ministerial Meeting held in London on 25-26 April 2012, makes recommendations to Ministers on the need for short- and medium-term funding.