Wood Mackenzie, on Forbes, outlines how we can scale up carbon capture and storage.
- Carbon capture and storage (CCS) is an important tool to mitigate the effects of climate change.
- Currently high costs impede the rapid utilization of CCS, but one solution known as carbon clusters linked to storage (CCLSTR) could lower the cost of CCS.
- CCLSTR pulls together different emitters from different economic sectors and forms a carbon capture industry.
- CCLSTR may be the missing piece to lowering the cost of carbon capture and lowering carbon emissions.
“Carbon capture and storage (CCS) is starting to happen. A plethora of CCS projects has emerged in the last year, large and small in scope, in upstream and LNG, as well as energy-intensive industries beyond the oil and gas value chain including the power, steel, cement and fertilizer sectors.”
Read the full article here.