Carbon capture is used to capture emission. It can help the environment and reduce carbon footprint. How does the carob capture market operate?
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A Carbon capture aim is to combat global warming. It traps the carbon dioxide from emission and transports it to a storage location (mostly underground) for isolation.
According to the Intergovernmental Panel on Climate Change (IPCC) 2005, it can reduce carbon emissions by 80%-90% compared to plants without carbon capture facility. Carbon capture technology is cost-effective in terms of offsetting carbon. Plants which are operating without such technology can incur more cost to reduce their emissions. The technology can capture 90% of carbon dioxide emissions from power plants and other industrial units.
The carbon capture technology works in three steps:
According to the Centre for Climate and Energy Solutions, in 2017, there were 21 commercial based carbon capture projects in operation while 22 were in the process around the world.
The image shows the process flow of how carbon capture works.
(Source: Scottish Power)