Government Policies and Oil and Gas Industry’s Focus have Boosted Global Carbon Sequestration Acti...
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The major developed economies are investing in carbon sequestration to strengthen the climate change initiatives across the world.

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Government Policies and Oil and Gas Industry’s Focus have Boosted Global Carbon Sequestration Activities


The major developed economies are investing in carbon sequestration to strengthen the climate change initiatives across the world. The US, Canada, the UK, Germany, Norway and Australia are the major countries investing in carbon sequestration projects. In addition, the significant funding provided by the European Commission (EC) has helped the technology to progress. The new US government’s climate change initiatives have revived several carbon sequestration projects. The European Union’s (EU) Emission Trading System (ETS) directive has also fortified carbon sequestration projects. Additionally, EC’s funding for various integrated carbon capture projects, specific technical research projects, and other kinds of projects drive activities in carbon capture and storage. Several other countries such as Canada and Australia have revised their policies in order to achieve carbon emission targets. As a consequence of these policy initiatives, industry participation in carbon sequestration activities has increased.

This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below:

http://www.researchviews.com/energy/oil-gas/exploration-production/Viewpoints.aspx?sector=Exploration%20and%20Production&DocID=9935

Access the latest Oil and Gas Exploration and Production analysis for free at http://www.researchviews.com


About ResearchViews.com sequestration to strengthen the climate change initiatives across the world. The US, Canada, the UK, Germany, Norway and Australia are the major countries investing in carbon sequestration projects. In addition, the significant funding provided by the European Commission (EC) has helped the technology to progress. The new US government’s climate change initiatives have revived several carbon sequestration projects. The European Union’s (EU) Emission Trading System (ETS) directive has also fortified carbon sequestration projects. Additionally, EC’s funding for various integrated carbon capture projects, specific technical research projects, and other kinds of projects drive activities in carbon capture and storage. Several other countries such as Canada and Australia have revised their policies in order to achieve carbon emission targets. As a consequence of these policy initiatives, industry participation in carbon sequestration activities has increased.

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