Carbon Capture Boom: 100 CO2 Capture Projects, $56 Billion in a Decade

[altenergygeek]

In a few years from now, assuming the governments around the world get more serious about global warming and GHG, and start putting pressure on CO2 emitting industries to do something about their emissions, the CCS (carbon capture and storage) industry could be worth over $50 billion.

"No fewer than 100 large-scale carbon capture and storage projects within about a decade, at a cost of some $56 billion — that’s what International Energy Agency chief Nobuo Tanaka said the world needs in order to help address climate change" (Source: [URL="http://powerplantccs.com/blog/2010/03/carbon-capture-boom-100-co2-capture-projects-56-billion-in-a-decade.html"]PowerPlantCCS Blog[/URL])

Now, we have to take the $56 billion with a large pinch of salt. This is the potential business, but whether this potential will really materialize depends on how quickly the governments and polity worldwide move towards tougher carbon legislations. Else, I do not see power plants willingly pumping in hundreds of millions of $ for CCS.