Carbon Capture And Storage In Australia
Carbon capture and storage (CCS) is an approach to mitigate global warming by capturing carbon dioxide CO2 from large point sources such as fossil fuel power plants and storing it instead of releasing it into the atmosphere. Carbon capture and storage is also used for Enhanced Oil Recovery to increase yield from declining oil fields, and for storage of CO2 from natural gas fields.
No coal-fired power station in Australia has CCS of CO2. CCS is proven technology but is not yet commercially viable for reduction of greenhouse gas emissions from coal-fired power stations. Without an economic driver such as a high carbon price or revenue from Enhanced Oil Recovery CCS is not expected to be commercially viable until at least 2020. The Intergovernmental Panel on Climate Change (IPCC) estimates that the economic potential of CCS could be between 10% and 55% of the total carbon mitigation effort until 2100.
Read more about Carbon Capture And Storage In Australia: Benefits, Challenges, Commercial Projects in Operation
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