The International Energy Agency says an additional 20 billion dollars is needed for carbon capture and sequestration demonstration projects if the goal of reducing the amount of greenhouse gas emissions in half by 2050 is to be achieved. "If we do not successfully demonstrate CCS soon, it will raise costs significantly for other climate mitigation options," Nobuo Tanaka, executive director of the IEA, said October 20. This week, the World Resources Institute, an environmental think tank based in Washington, DC, said it will release a set of CCS guidelines.
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