A new federal report (pdf) finds that carbon capture and storage (CCS) is a viable technology, but notes that its widespread market acceptance will take decades absent government financial and policy support. The report was released by the Interagency Task Force on Carbon Capture and Storage, established by President Obama in February and co-chaired by the U.S. Department of Energy and Environmental Protection Agency.

The report concludes that CCS can play an important role in reducing domestic greenhouse gas emissions while preserving the option of using abundant domestic fossil energy resources. However, widespread cost-effective deployment of CCS will occur only if the technology is commercially available at economically competitive prices and supportive national policy frameworks are in place.