In the dawn hours of the closing day of the COP16 conference in Cancun, Mexico, carbon capture and storage (CCS) took on new global significance. The UN Convention on Climate Change accepted CCS as an offsetting activity under the clean development mechanism (CDM) in December 2010. The mechanism calls for rules around CCS projects to be finalised at the next climate talks in December 2011 and for issues such as permanence, boundaries and safety to be addressed and resolved. According to Australia's Global CCS Institute, the decision marks a significant recognition of the role the technology can play in reducing the world's greenhouse gas emissions.
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