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Screenshot of IEA's "CCUS in Clean Energy Transitions" report

There's growing momentum behind deploying technology that traps and stores CO2 emissions, but much more investment and stronger policies are needed, the International Energy Agency said in a new report.

Why it matters: The technology is vital to enabling the radical emissions cuts needed through the 2050-2070 timeframe to keep temperature rise in check, the agency said.

  • "Without a sharp acceleration in [carbon capture, utilization and storage] innovation and deployment over the next few years, meeting net-zero emissions targets will be all but impossible," the report states.
  • It also warns that investment has "fallen well behind that of other clean energy technologies," and accounts for under 0.5% of global investment in climate-friendly energy.

By the numbers: Plans for over 30 commercial facilities have emerged over the last three years, and projects nearing final investment decisions represent an estimated $27 billion worth of investment.

  • But the extent of the scale-up ultimately needed must increase by orders of magnitude, IEA said.
  • Currently deployed global capture capacity is around 40 million tons of CO2 per year (as the chart above shows).
  • In its Paris-aligned "sustainable development scenario," by 2070 10.4 gigatons of CO2 is captured "from across the energy sector."

Go deeper: Global climate goals 'virtually impossible' without carbon capture - IEA (Reuters)

Go deeper

Ben Geman, author of Generate
Dec 19, 2019 - Energy & Environment

Electric vehicles are coming, but no one is sure how fast

Data: Columbia Center on Global Energy Policy; Chart: Axios Visuals

A new study helps to show that experts are all over the map when it comes to gaming out the rise of electric vehicles in the global marketplace.

Why it matters: The speed at which EVs become truly mainstream is one variable affecting the future of oil demand and carbon emissions. Passenger cars account for roughly a fourth of world oil demand.

Updated 2 hours ago - World

HRW: Over 100 former Afghan security members dead or missing under Taliban rule

Members of the Taliban movement patrol Kabul's airport in September. Photo: Valery Sharifulin/TASS via Getty Images

The Taliban have "killed or forcibly disappeared" over 100 former members of Afghanistan's security forces since the group took power in August, a Human Rights Watch report published Tuesday found.

Why it matters: Former military members and officials from the ousted government, activists and other Taliban critics are facing peril amid executions driven by revenge — despite Taliban promises of an "amnesty" with no retributions, notes the New York Times, which first reported the news.

5 hours ago - World

Barbados becomes a republic, replacing U.K. queen with president

Combination images of Dame Sandra Mason, president of Barbados, and Britain's Prince Charles at her swearing-in ceremony in Bridgetown, Barbados, late Monday.

Barbados officially became a republic at midnight local time after Dame Sandra Mason was sworn in as the Caribbean nation's first president in a ceremony attended by the United Kingdom's Prince Charles.

Why it matters: Mason replaced Britain's Queen Elizabeth as head of state Tuesday — removing the country's final remaining colonial tie to the U.K. almost 400 years after the first British ships arrived in Barbados.