Carbon Capture and Storage (CCS) in Developing Countries: A Perspective on Barriers to Deployment

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PUBLICATIONS : Carbon Capture and Storage (CCS) in Developing Countries: A Perspective on Barriers to Deployment

Natalia Kulichenko and Eleanor Ereira (The World Bank Group)

This World Bank report assesses some of the most important barriers facing CCS deployment within the context of developing and transition economies. Climate Focus in collaboration with Carbon Counts provided a background paper which formed the basis of chapter 5.

Carbon Capture and Storage (CCS) could have significant impact as a carbon mitigation technology in greenhouse gas emitting industries. Given the nascence of CCS technology, with only eight large-scale integrated projects in the world, there are still significant challenges that must be overcome for large scale deployment. These include addressing technical issues of integration and scale up, legal and regulatory requirements to reduce investor risk, policies to create market drivers and mitigate economic impacts including increases in electricity prices, and financing mechanisms to facilitate investment in CCS technology.

Visit the World Bank website to download the report.