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New Report Finds Carbon Capture And Storage Far Too Expensive

A new report by the International Institute for Sustainable Development found carbon capture and storage (CCS) technologies to be very expensive in Canada. According to the report, which focuses on carbon capture in the context of Canada's oil and gas industry, the climate solution’s persistently high costs are rooted in the "high design complexity and the need for customization."
IISD in the news September 11, 2023

G20 Summit Agreement Fails To Strengthen Coal Phase-Down Even As Data Show High Per Capita Coal Emissions

As world leaders gather in New Delhi for the Group of 20 (G20) Summit–with 19 member countries and the European Union–data show that a majority of the group still has very high per capita coal power emissions. At the summit, countries agreed to "pursue further efforts" to limit the global average temperature rise to 1.5 degrees celsius, agreeing to "encourage efforts to triple renewable energy capacity globally" but the G20 New Delhi Leaders Declaration included no new commitment on phasedown of coal power or on phasing down all fossil fuels.
IISD in the news September 10, 2023

Lake lessons from East Africa

On a sweaty Friday afternoon, a few hours delayed, and with one suitcase fewer than when I set off, I finally landed down in the 'Peg after a 20-hour journey from my homeland of Kenya. For years, I had been aching to visit the province of 100,000 lakes. While, lamentably, I won’t be able to visit them all on this trip, seeing Lake Winnipeg in person was an unbridled delight, as was jumping in an SUV and heading over to another famed freshwater must-see of the region—the IISD Experimental Lakes Area.
IISD in the news September 8, 2023

CCS Can't Compete with Renewables, Won't Deliver by 2030, Report Finds

Carbon capture and storage may have an important role to play in hard-to-decarbonize sectors like iron and steel, but won't pay off for oil and gas companies without continuing government subsidies, the International Institute for Sustainable Development (IISD) concludes in an analysis released this week.
IISD in the news September 8, 2023

Report finds carbon capture's 'stubbornly high' prices are likely here to stay

Canada's oil and gas industry says costly technology it plans to use to reduce its climate footprint requires more investments from the federal government. If governments lend a hand now, the industry maintains the technology will become more affordable over time as more projects proceed, but a new analysis casts doubt on that claim. "Carbon capture and storage is expensive, and the costs are not likely to come down in the timeframe needed to meet our climate targets," said Laura Cameron, one of the report's three authors and a policy adviser for the International Institute for Sustainable Development.
IISD in the news September 7, 2023

Carbon capture projects are too costly, have ‘questionable’ benefits, report finds

Technology the oil industry is counting on to reduce emissions–carbon capture and storage–is too expensive and difficult to deploy quickly enough to help Canada meet its climate commitments, a global environmental think tank says. Relying on carbon capture and storage to cut greenhouse gases from oil and gas production will mean large public subsidies for projects that are unable to compete on costs against expanding renewable energy sources, rendering the benefits "questionable," the International Institute for Sustainable Development said in a report released Thursday.
IISD in the news September 7, 2023