COP 11 side event on CCS

World Business Council for Sustainable Development (WBCSD) hosted a side event at COP 11 on CCS, they have posted a summary online.

Carbon Capture and Storage Side Event

Carbon Capture and Storage (CCS) can reduce the overall climate change mitigation costs by 30 percent or more. However carbon capture is still an expensive technology, and carbon emissions tariffs would need to exceed 25-30 USD before further investments to scale up this technology be considered viable, says Leo Meyer from IPCC. So what’s in it for the future? A joint WBCSD/IETA side event at COP 11 looked at the current status CCS and the possible impacts that its use could have on the emissions reduction market.