Extract From below 18 Jun 2014 09:57
* Carbon Capture and Storage Carbon capture and storage is a vital technology for avoiding dangerous climate change. The International Energy Agency estimates that without it, the cost of cutting global CO2 emissions in half by 2050 will be 70% higher. The UK has committed £35 million from the International Climate Fund to the Asian Development Bank Trust Fund for CCS development in Asia, with a focus on China and Indonesia. With the ADB and the Chinese Government, it is identifying opportunities to accelerate the development and deployment of CCS in China. This will include setting up two CCS Centres in China, as well as supporting work at the GreenGen demonstration site in Tianjin. There will be further collaboration under the ADB Trust Fund. The UK and China have already conducted joint research projects in this area, and they will intensify academic exchanges as well as support UK companies working on CCS in China.