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16 September 2022 by Jeremy Wright
Some solutions to the climate crisis touted by the fossil fuel lobby are questionable, in particular carbon capture and storage (CCS). There are better ways for Governments to invest. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) analysed the performance of 13 ‘flagship, large-scale’ CCS projects worldwide, accounting for about 55 percent of the global carbon capture capacity. The conclusions - CCS projects are more likely to fail than achieve their goals. Seven projects underperformed, two failed and one was mothballed. If governments rely on carbon capture to achieve net-zero it won’t work.
CCS appears to be a smoke-screen.