Changes

In October 2008, a report issued by the International Energy Agency warned that the time and resources being invested in developing CCS technology are far less than the amount necessary. The IEA's proposal to begin at least 20 large-scale CCS researcy projects by 2010 was endorsed by the G8 group, but according to the report, "current spending and activity levels are nowhere near enough to achieve these deployment goals." The IEA cited a rise in technology costs over the past five years, scarcity of funding for demonstration projects, and an absence of regulatory incentives as reasons for the lack of progress. Citing a 2007 report from the Intergovernmental Panel on Climate Change, the IEA cautioned that without a means of curtailing CO₂ emissions from the energy sector, the pace of global warming could double in this century.<ref>[http://www.canada.com/vancouversun/news/story.html?id=7a85de6b-77c8-4d1f-bebd-2f5ebbebf78e "International Energy Agency issues warning on carbon capture,"] ''The Vancouver Sun'', October 24, 2008.</ref>{{#evp:youtube|mWA3dTTKntQ|Mountaineer Plant Deploys Carbon Capture and Sequestration.|right|200}}