FinSoul has become aware of a recent report by ABI Research titled, Carbon Capture, Sequestration and Emissions Trading: The Outlook for Global Markets, which shows that as the connection between carbon capture and sequestration (CCS) and the carbon emissions trading market grows so the sector flourishes.
The more carbon credits earned from CCS initiatives, the higher the volume of carbon credits traded and therefore more revenue available for more CCS plants.
FinSoul understands that the report that evaluates the two leading market mechanisms – CCS and carbon emissions trading, says that CCS allows heavy industries, responsible for the highest amount of carbon emissions, to utilize new technologies in the capturing of the CO2 emissions that they generate and safely store them for long periods.
Projections in the report show that $14.6 billion is likely to be invested in 73 new CCS projects aimed at preventing 146 million tons of CO2 between 2009 and 2014.
A recent audit of global CCS projects conducted by the Global Carbon Capture and Storage Institute revealed that carbon capture and storage would lower CO2 emissions by around 19%, FinSoul believes.
ABI Research, based in New York and founded in 1990, forecast that global carbon emission trading would grow by more than triple from the $118 billion traded in 2008 to $395 billion by 2014.
