India, March 21 -- IPCC noted that CCS has the highest cost and lowest possible contribution to net emission reduction in both energy and industry sectors

Carbon capture and storage (CCS) technology has been touted as a potential solution for mitigating climate change. Even countries are beginning to build CCS dependency into their climate targets. The European Union's recently announced 2040 goal, for instance, included CCS as a dependency to meet the targets.

Recent analyses, however, have revealed a stark reality: Many CCS projects are failing or underperforming. This reality stands in contrast to the persistent optimism surrounding CCS. Despite being advocated as a key solution by countries, industries and multilateral organisations...