A new paper funded by the Global CCS Institute says early momentum behind the technology has been lost as two separate European funding mechanisms failed to award funding to any projects and public perception of CCS has become increasingly negative.

The EU once considered finding a cost-effective method of capturing CO2 emitted by power stations and factories and storing it underground was seen as critical to limiting the growth of global emissions, and in 2007 set a target of having 12 commercial-scale projects operational by 2015. Yet the paper notes just two years before that date there are no new projects of that scale under construction and the EU is rapidly losing ground to the US, Canada and China.

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Source: Business Green, by Will Nichols, 24 May 2013