Carbon market seen at $400bn by 2014

Carbon emission

ABI Research also forecasts that from 2009 to 2014, the market will see a $14.6 billion injection into 73 new carbon capture and storage (CCS) projects that are estimated to prevent 146 million tons of carbon dioxide (CO2) from entering the atmosphere

CCS allows heavily polluting industries to utilise new technologies to capture the CO2 they had been generating and store it safely for long periods.

"One of the major findings of the study is an increasing interconnection between CCS and the carbo

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