Which country is spending the most money on carbon capturing technology?



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    According to the World Resources Institute, China currently has set aside $221 billion for green energy projects with the US second in the world at $112 billion. http://www.wri.org/chart/green-stimulus-spending-country. The exact breakdown for what sectors will receive how much of that stimulus is unspecified. Information on the WRI site implies the US expenditure will be $5.6 billion. Considering the importance of coal to supplying China’s energy needs it is likely a significant amount of China’s stimulus money will be going to carbon capture(CC). The International Energy Agency (IEA) has said $56 billion will be needed for 100 large scale CC projects by 2020. That number will increase into the future.

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