CCS could reconcile the continued use of fossil fuels over the medium to long term with the need for deep cuts in CO2 emissions. A demonstration program of commercial scale CCS projects would allow to prove the various CCS technologies at large scale, to identify risks and to achieve public and industry confidence in CCS. Regulatory issues, particularly around storage liability and the legality of storage will need to be resolved, and funding found to support the demonstration project phase.
NOTE: I'm summarizing in a series of analysis the report I'll be presenting next week in Brussels at the the High-Level Workshop on Living in a Low-Carbon Society.
Differently from energy efficiency and renewable energy technologies, Carbon Capture and Storage (CCS) is the only technology whose only purpose for being deployed at large scale is dealing with reducing carbon emissions. The reason for the attention devoted to CCS is that no single technology or process alone will deliver the emission reductions needed to keep climate change within the 2ºC targeted limits. Hence, CCS could help reduce emissions from the flood of new coal-fired power stations planned over the next decades, especially in India and China.