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Get ready for carbon capture’s second coming
A business that was always technologically viable has finally found an economic rationale
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Roughly a third of the world economy has suddenly priced CO2 at a level where, in theory, there should be good money in locking it up underground.
PHOTO: REUTERS
David Fickling
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For those who have followed the energy transition over the past few decades, there is one technology that is being treated as much as a punchline as a serious industry: carbon capture and storage, or CCS.
A decade or so ago, many still thought it was the best hope for decarbonising the world’s power systems. CCS was “the Google and Intel of the energy world”, the Atlantic magazine declared in a 2010 cover story predicting solar and wind would never get above 10 per cent of power supply.
