Carbon capturing and storage technology has an apt name – it is assumed that it can be used to capture carbon dioxide emissions from industrial sources and keep them deep under the ground.
This was a big win in the climate provisions of the Inflation Reduction Act, passed by Congress last week.
The technology, known as C.C.S., also allows the continued production of oil and natural gas while peace must end dependence on fossil fuels.
The Inflation Reduction Act, which, according to President Biden, he will sign this week, does more to reduce the use of fossil fuels and combat climate change than any previous legislation, expanding the use of renewable energy sources, electric cars, heat pumps and much more.
However, the law also contains a counterproductive way to spend money, supported by the fossil fuel industry, meant to subsidize C.C.S.
Fifteen years ago, until the cost of renewable energy sources plummeted, carbon capture seemed like a good idea.