Lets fight Global Warming

Europe will next week start moves to help China and India develop technology to trap and bury carbon dioxide underground in the fight against global warming, according to a draft European Commission document.

Carbon Capture and Storage (CCS), a process of burying harmful gases, is seen by some as a potential silver bullet to curb emissions from coal-fired power plants, which are multiplying rapidly worldwide and threaten to heat the atmosphere to dangerous levels.

The European Union will start a consultation process on how finance and technology should be delivered to China and later India. This could be critical in securing their commitment to a new global deal on climate change at talks in Copenhagen in December.

"China builds, every year, as much coal-fired power plant as the entire UK generating capacity," said a report prepared for consultations with industry and seen by Reuters on Friday.

"Unless a way can be found of making this climate-compatible, we can never meet our climate objectives, regardless of what action we take in Europe," it added.

"We will seek to garner financial support from member states for this initiative, which in the first instance will affect China, then India, South Africa, OPEC and other emerging economies and developing countries," it added.

In 2050, almost 60 percent of CO2 emissions from the power sector are projected to be captured, compared to virtually none today and almost 30 percent in 2030, said the report.

Reuters

Well... one must say... this is a good initiative. China and India are amongst the elite nations that are growing rapidly and in the process emitting mammoth amounts of anti-climate constituents. While they lack efficient technology and means to tackle climate change, such steps to empower them would go a long way in reducing emissions... of course, if they are implemented properly.