Carbon capture technology an important pillar for Southeast Asia to tackle climate change, say experts
Countries in Southeast Asia will need to harness new technologies to capture and store carbon emitted by fossil fuel industries if they want to reach their future climate change goals, according to experts. A report published by the International Energy Agency (IEA) in June said that the region would need to fast accelerate its collective investment in carbon capture technologies, to the tune of an average of US$1 billion per year between 2025 and 2030, or risk missing Paris Agreement temperature targets. That would mean developing capture potential from essentially zero today up to 200 million tonnes or more by 2050. Globally, the IEA in its separate Net Zero by 2050 Roadmap states that carbon capture, utilisation and storage (CCUS) technologies will need to be responsible for more than 10 per cent of cumulative emissions reductions. Globally, there are just 21 projects currently in operation. There are none in Southeast Asia but four of them - in Indonesia, Malaysia, Singapore and Timor‑Leste - are in some form of development
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Channel News Asia