Washington To Wall Street Hears Harmony On CCS To Address Climate Change

told Forbes, “Undoubtedly, we have to move away from fossil fuels, but given the fact that we need to urgently reduce emissions, we have to adopt options which certainly include [carbon dioxide removal] technologies as well as CCS options, with large scale forestry activities as well.”Fourth Assessment Report

But a large swath of environmentalists had long seen the technology as a means to stymie renewable energy expansion and continue to allow fossil fuels to meet global energy demand.Kurt Waltzer, managing director of Clear Air Task Force in Washington, said, “Broadly, advocates who care about climate change as well as policymakers and industry are recognizing the fact that we need to consider all these options given the breadth and urgency of the challenge.

More than 80% of global energy use comes from coal, oil, and natural gas. Renewable energy, including hydropower and other renewables, provides only 11% of global energy, according to the latest annual BP plc statistical review of global energy.ClearPath executives say they’ve seen an increase in non-governmental organizations joining business and industry groups, and bipartisan members in Congress supporting CCS.

“I’m not saying [Democrats and Republicans] agree on the final policy recommendation but this approach that we need all these technologies [to decarbonize] is becoming a place for common ground,” Waltzer said. And there’s a sense of urgency, he added.

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