An article in Scientific American has underlined the importance of heavy investment in carbon capture, utilisation and storage (CCUS) in reducing emissions, alongside the use of renewables.
The publication, that has featured contributions from the likes of Albert Einstein, noted that new improvements mean that the technology has become cheaper and more effective by being able to transform captured carbon into fertiliser, amongst other tactics.
During a talk at Ceraweek 2018, Fatih Birol, executive director of the International Energy Agency (IEA), said the use of carbon capture and storage (CCS) is essential due to the global reliance of fossil fuels, such as coal, oil and gas.
In its August edition, Scientific American highlighted the importance of governmental funding in ensuring the widespread use of CCUS.
It said: “For CCUS to succeed, the federal government must kick in funding for basic research and development and offer incentives such as tax breaks for carbon polluters who adopt the technology.”
Government support for CCUS is gaining momentum in the US with the FUTURE Act, that had its provisions passed with the February 2018 budget bill with bipartisan support, and the USE IT Act, which offers direct funding for research and development through a prize competition.