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CO2 Action (Government & Corporate)

Many organizations and research institutes are also involved in CO2 capture projects. The International Energy Agency (IEA) has been established within the framework of the Organization for Economic Co-operation and Development (OECD) to implement an international energy program, and has 25 member countries. International Energy Agency has implemented IEA Greenhouse Gas R&D for controlling CO2 from power generation. The Laboratory For Energy and the Environment at the Massachusetts Institute of Technology (MIT) is very active in capture and sequestration studies. See Bibliography for a list of MIT publications on Carbon Sequestration Initiative.

The goal of the U.S. Department of Energy is to reduce CO2 capture costs substantially; 90% reduction in the cost of CO2 capture for new builds by 2008, and 75% reduction on the cost of CO2 capture for retrofit applications by 2010. See Carbon Sequestration Technology Roadmap for details. The long-term cost goal of the U.S. Department of Energy is in the range of $10/ton of avoided net costs for carbon (equivalent to $2.7/ton of CO2). See National Energy Technology Laboratory for details. To achieve this goal, The U.S. Department of Energy signed a Cooperative Agreement with a team of nine major international energy companies: BP Amoco, Chevron, Norsk Hydro, Royal Dutch/Shell, Statoil, Suncor Energy, Texaco, PanCanadian and ENI S.p.A. U.S Department of Energy contributed $5 million towards the CO2 Capture Project. CO2 capture technology development is expected by the end of 2003. See a progress report of CO2 Capture Project.