International Energy Agency Report Released: Global Action to Advance Carbon Capture and Storage

Recently, the International Energy Agency (IEA) "an autonomous organisation which works to ensure reliable, affordable and clean energy for its 28 member countries and beyond," released a new report titled, Global Action to Advance Carbon Capture and Storage (2013). The 40-page report is available here; according to the abstract:

[r]epresenting one-fifth of total global CO2 emissions currently, industrial sectors such as cement, iron and steel, chemicals and refining are expected to emit even more CO2 over the coming decades. Carbon capture and storage (CCS) is currently the only large-scale mitigation option available to cut the emissions intensity of production by over 50% in these sectors. CCS is already proven in some industrial sectors, such as natural gas processing. Yet, the commercial-scale demonstration stage in key sectors such as iron and steel, cement or some processes in the refining sector has not been reached. To achieve decarbonisation goals, policy makers must pay more attention to industrial applications of CCS, while not undermining the global competitiveness of these sectors.