Funding carbon capture and storage in developing countries

Topic(s): Capacity development, Carbon capture use and storage (CCUS), Incentive mechanisms, Project financing

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.

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