07 Sep 2022 --- Carbon capture technology may present an enormous financial and environmental risk, according to recent research by the Institute for Energy Economics and Financial Analysis (IEEFA). According to the study, carbon capture storage (CCS) facilities usually justify and promote fossil fuel usage and often underperform or fail. The research assessed 13 major flagship CCS projects globally. The projects are part of the natural gas, industrial and power sectors in terms of their history, economics and performance. They account for around 55% of the total current operational capacity worldwide.
