Asia's CCS Strategy: A Risky Gamble for Future Emissions
A new report reveals that Asian support for carbon capture and storage (CCS) could result in 25 billion tonnes more greenhouse gases by 2050. This decision may jeopardize the Paris Agreement and lead to economic risks. Despite CCS underperformance, countries like Japan, South Korea, and Australia persist.
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- India
Asian nations' increasing reliance on carbon capture and storage (CCS) to curb fossil fuel emissions is under scrutiny as a new report warns this could lead to an additional 25 billion tonnes of greenhouse gases by 2050. The study, by Climate Analytics, highlights significant risks to both global climate action and regional economies.
The analysis covers major Asian economies including China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Singapore, and Australia, collectively responsible for over half of global fossil fuel use and emissions. It underscores the need for a pivotal shift in emissions trends, especially in developing nations.
While prominent emitters China and India lag in comprehensive CCS plans, other countries are deeply invested in CCS. However, the report points to the consistent underperformance of CCS, advocating instead for renewable energy, electrification, and green hydrogen as viable alternatives.
(With inputs from agencies.)
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