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The I.E.A. calls for 100 carbon capture projects by 2020 and 3,400 by 2050.
Only two other major carbon capture projects are on the drawing boards in the United States.
Tellingly, there are few if any large-scale carbon capture projects under way at gas-fired power plants.
Because of the high capital costs, there are only three other carbon capture projects under development in the US.
Meanwhile, China, which burns nearly as much coal as the rest of the world put together, has a dozen carbon capture projects underway.
The Global CCS Institute, an industry group in Canberra, reports that there are only eight large carbon capture projects operating in the world today.
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This investigation is in response to the Carbon Capture Project's (CCP) refinery scenario.
The $2.4 billion Kemper County carbon capture project in Mississippi, backed by the US Department of Energy, is perhaps one of the most high-profile coal CCS initiatives.
Among other things, China's state-owned enterprises have virtually free access to capital, which is one of the biggest costs for any carbon capture project.
Another carbon capture project attached to a new coal-fired power plant in Mississippi ran into so many technical problems and billions of dollars in cost overruns that after six years its owners abandoned the carbon capture project and converted the plant to burn natural gas for power generation.
The Carbon Capture Project (CCP) has been established by eight leading energy companies to develop novel technologies that significantly reduce the cost of capturing CO2 for long-term storage.
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