Carbon Capture, Use & Storage
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The burning of fossil fuels produces the majority of the world’s energy output and carbon emissions. Reducing the carbon intensity of power generation and industrial processes that rely on fossil fuels is essential to meet emissions abatement goals. However, many industrial and power generation facilities have a service life of 30 years or more, essentially "locking in" the burning of fossil fuels for decades to come.
While increased use of renewable energy, greater energy efficiency, and nuclear power all have important roles to play in the mitigation of greenhouse gases, carbon capture and storage (CCS) is the only viable option for addressing emissions from facilities that continue to burn fossil fuels. With the potential to reduce CO2 emissions from fossil fuels by up to 90%, CCS is a critical technology for reducing emissions to target levels in the required time frame.