Relying on carbon capture in fossil fuel sector will not work: IEEFA
2 Sep 2022
THE number of failures and underperforming carbon capture projects has outnumbered the successful projects considerably. Ten of the 13 flagship projects reviewed, comprising 90% of the total capture capacity in the sample, have failed or are underperforming mostly by large margins, finds a new report titled The Carbon Capture Crux – Lessons Learned, produced by the Institute for Energy Economics and Financial Analysis (IEEFA).
The Carbon Capture Crux – Lessons Learned studies 13 flagship large-scale carbon capture and storage (CCS)/carbon capture utilization and storage (CCUS) projects in the natural gas, industrial and power sectors. These projects account for around 55% of the total current operational capacity worldwide
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