Third Way has published a map and database of all the variants of projects working on carbon capture technologies, which it claims to be the most comprehensive yet.
The database published by the centralist think tank, identified more than 100 projects working to capture carbon emissions, with over half of them in the US, as well as a small number of projects that capture emissions from the air, rather than specifically power or industrial plants.
The new carbon capture visualisation shows how the US is leading the way with these technologies and that Europe is falling behind, highlighting the failure of Western governments to fund these opportunities that experts have said are vital in order to reach global commitments.
With developing countries, particularly in Africa, relying on energy from fossil fuels, governments from around the world must use this map to analyse the opportunities in these regions to use technologies, such as carbon capture and storage (CCS), to reduce carbon emissions.
While the UK is not a significant exporter of the technology, it is leading the way in CCS research, prompting calls for government support of the Teesside Collective, an organisation which is working to ensure the Northeast is at the forefront of cleaner air technology.
In 2014, the United Nations’ scientific body said in its assessment of climate science, that if the technology is not widely deployed it would be 138% more expensive to prevent global temperatures rising over 2 degrees Celsius over the next century.
Meanwhile, a UCL report on the role of carbon capture and storage (CCS) has stated that failure to back the technology could make the cost of decarbonisation ‘unfeasible’.
The technologies have struggled for decades to gain political backing on a commercial scale, however is now gaining a lot more attention from people on both sides of the political spectrum and is now achieving mainstream status within the industry.