Carbon capture technologies are key to getting carbon emissions to zero – IEA

In a recent report examining the numerous paths to achieving global net-zero emissions by 2050, the International Energy Agency has reiterated its argument that this goal will be "virtually impossible to reach" without carbon capture, utilization and storage technologies, or CCUS. The U.S....

Full description

Saved in:
Bibliographic Details
Published inSNL Energy Electric Utility Report
Main Author Tsarouhis, Fotios
Format Newsletter
LanguageEnglish
Published Charlottesville SNL Financial LC 05.10.2020
Subjects
Carbon sequestration
Coronaviruses
COVID-19
Industrial plant emissions
International cooperation
Pandemics
United States > US
Online AccessGet full text

Cover

More Information
Summary:In a recent report examining the numerous paths to achieving global net-zero emissions by 2050, the International Energy Agency has reiterated its argument that this goal will be "virtually impossible to reach" without carbon capture, utilization and storage technologies, or CCUS. The U.S. "has helped spur the development of CCUS facilities in its energy system through its innovative 45Q tax credits" for carbon capture technology, said the report, which also credited Norway for a recent funding commitment for a CCUS facility. [...]NRG Energy Inc. announced plans to suspend operations at its W.A. Parish Carbon Capture Plant project in Texas, citing low oil prices driven by the COVID-19 pandemic.