The report contains an elaborative description of the Global Carbon Capture and Storage technology market. The report casts various developments and plans in respective field across the geographies along with the influential factors for this market. It provides the current market scenario and future market forecasts for major markets.
The report provides a deep insight to the initiatives taken by governments across the globe which is one of the major driving forces for this market. The major players in this global technology market have been covered as company profiles.
With increase in human activities resulting in various types of pollutions thereby leading to raise in carbon emission levels has become an alarming call of the time. The increase in these emissions is resulting in disastrous climate misbalance globally.
FIG XX: Increase in Global Carbon Levels
The Significant rise in the Carbon levels in atmosphere from approximately 371.5 in 2000 to 394 in 2011 has compelled the government of different nations to come together for examining various methods to control the climate misbalance. Among the various nations, countries contributing major share of Carbon emissions include China, U.S.A, European Union, India and Russia.
Fig XX: Top Contributors for Carbon Emissions
Driven by the requirement for solutions to ensure low carbon growth worldwide, the development of commercially viable facility for Carbon Capture & Storage has become the critical area of concern. With the increasing participation from various countries such as U.S.A, U.K, Germany, India and China across geographies the Global market of Carbon Capture and Storage (CCS) technology is expected to attain a USD 230 billion market size by 2016. However, low carbon price and lack of funding is acting as a responsible factor for the delay of projects in this field.
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