Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

09 Nov 2007 05:11:36

Investment urgently needed for carbon storage



The technology required to remove large amounts of carbon-dioxide from coal-burning power plants is at least ten years away from becoming a commercially viable reality at the current rate of investment, United States experts have claimed.

At a Senate subcommittee hearing on carbon storage this week, Howard Herzog, from MIT''s Laboratory for Energy and the Environment, said that the theory behind the process was sound, but that its implementation was being held back by severe underinvestment.

"While geologic sequestration is scientifically feasible, it is not technologically or institutionally ready," the Environmental News Service reported him as saying. "The number one impediment to moving ahead is a lack of funding.

"The goal should be to achieve technological readiness by the time climate legislation creates market opportunities for carbon capture and storage technologies. Unfortunately we are currently not on that path," he added.

In the US, the energy department spends $300 million (£145 million) on carbon capture and storage technology research every year, but Mr Herzog said that this figure would need to be increased by $1 billion (£477 million) if the technology was to be available within 10 years.
ADNFCR-1235-ID-18350667-ADNFCR


Discussion Thread  

 


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

The Low Carbon Economy Ltd Community



Related Items From Everyone


  1. A greenhouse is a glasshouse or a hothouse in which plants are grown in a controlled environment....

    05 Aug 2015
  2. Cambridge, UK – Tuesday July 19th, 2011 – eSight Energy Ltd. hosts the 2011 Annual eSight...

    19 Jul 2011
  3. BSV's energy division specialises in job opportunities and candidate worldwide across power...

  4. Eco friendly footwear Products & Services

    We sell a range of eco friendly, fair trade canvas sneakers and flip flops with FSC latex soles....

  5. A wind energy plan comprising the building of 7,000 wind turbines has been announced by the...

    26 Jun 2008



Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.