BNP Paribas has been appointed to raise billions in debt for what its developer describes as the UK’s leading carbon capture and storage (CCS) project.

The world is likely to have 20 large-scale carbon capture and storage (CCS) projects operating by 2020, according to the latest report from the Global CCS Institute.

Using biomass for electricity or transport fuel then capturing and locking away the carbon dioxide (CO2) emissions underground could take up to 10 billion tonnes (GT) of CO2 out of the atmosphere in 2050, according to a study by consultancy Ecofys and the IEA Greenhouse Gas R&D Programme.

Canadian authorities have given the green light to a C$1.24 billion (US$1.3 billion) carbon capture and storage (CCS) demonstration plant in Saskatchewan, which aims to slash annual greenhouse gas emissions by around 1 million tonnes of carbon dioxide equivalent.

The UK's carbon capture and storage (CCS) ambitions have received a blow after funding problems forced the developer of a major CCS project into administration.

Carbon capture and storage (CCS) faces formidable funding challenges, according to a recent survey of private sector capital providers.

A US interagency blueprint for commercial-scale deployment of carbon capture and storage (CCS) argues that challenging obstacles can be overcome, such as the lack of a national carbon price and questions over long-term liability.

The US government has overhauled the long-delayed FutureGen carbon capture and storage (CCS) project, but observers say cost and technology obstacles mean it may never get off the ground.

WestLB, one of the largest lenders to the energy sector, has published what is understood to be a first-of-its-kind environmental policy for private sector lending to coal-fired power plants – requiring that they be ready to fit carbon capture and storage equipment and meet high efficiency standards.

EU member states have agreed to distribute 300 million carbon allowances from the bloc’s emissions trading scheme (ETS) to fund renewable energy and carbon capture and storage (CCS) projects from 2013.

The European Commission has named the six carbon capture and storage (CCS) projects that will receive a share of the €1.05 billion ($1.55 billion) in funding from the €4 billion set aside for energy projects in the EU economic-stimulus package.

The European Commission has proposed a list of six carbon capture and storage (CCS) projects to receive a total of €1.05 billion ($1.6 billion) in funding, but industry representatives are concerned about the lack of transparency involved in the selection procedure.

The US government has resurrected the FutureGen Project – a major carbon capture and sequestration (CCS) pilot – although its future remains far from certain.

Significant policy changes will be needed before carbon capture and storage (CCS) projects can be developed in most US states, according to Richard Cowart, director of the Regulator Assistance Project (RAP), a non-profit that advises electricity sector regulators.

Governments worldwide have set aside more than $20 billion for carbon capture and storage (CCS) demonstration plants, according to a report from consultancy Emerging Energy Research (EER). This includes $11.6 billion in funding promised by the EU and $3.5 billion earmarked in President Barack Obama’s stimulus package.

Carbon capture and storage (CCS) has received a fillip from the US, with $3.5 billion earmarked in President Barack Obama’s stimulus package for demonstration projects and growing support at the state level.

European Union energy projects, including carbon capture and storage (CCS) technology and offshore wind farms, could receive a €3.5 billion ($4.6 billion) cash injection under plans proposed by the European Commission on Wednesday.