Carbon-Capture Technology Seen Aiding Climate in U.S. Assessment

The U.S. has 36 underground basins that could store 3,000 metric gigatons of carbon dioxide, according to a new assessment released by the U.S. Geological Survey today.

Those reserves could be used for carbon-capture technology from coal-fired power plants to reduce carbon emissions. By comparison, the U.S. Energy Information Administration said the U.S. emitted 5.5 metric gigatons of energy-related carbon dioxide in 2011.

“If enough of this capacity also proves to be environmentally and economically viable, then geologic carbon sequestration could help us reduce carbon-dioxide emissions that contribute to climate change,” Interior Secretary Sally Jewell said in a statement.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE