The major developed economies are investing in carbon sequestration to strengthen the climate change initiatives across the world.
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:
Access the latest Oil and Gas Exploration and Production analysis for free at http://www.researchviews.com
ResearchViews is your number one portal for industry related news, research, analysis and deals data. ResearchViews offers up to the minute content produced by an expert team of industry analysts.
All content on the site is free to view and allows users to keep up to date with the latest developments in their chosen industry. Free daily and weekly newsletters provide a snapshot of the major issues affecting the industry. The site also features a research store, providing the user with access to premium business intelligence from some of the world's leading market research publishers.