Global plans to build carbon capture and storage (CCS) plants have mushroomed over the last nine months as governments and companies accelerate the hunt for ways to cut emissions and curb global warming by mid-century, a think tank said on Tuesday. The capacity of planned projects soared to 111-million tonnes a year as of end-September, up 52% from 73-million tonnes a year at the end of 2020, the Melbourne-based Global CCS Institute said in an annual status report. If built, those projects would nearly treble the 40-million tonnes a year of CCS capacity now operating.
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