The carbon capture and sequestration ( CCS ) market will grow to $ 8bn by 2021 , says a report by Reportbuyer . Power generation in the US has traditionally been dominated by coal-fired power plants. New technologies , demand for enhanced oil recovery and CO2 reductions will drive the sector to a compound annual growth rate ( CAGR ) of 13.4 % , the report says . North America is expected to be the largest market , as cheap US natural gas has led to expansion in the nation 's coal - fired power plants . However , the report 's claim that legislation in the US will drive the CCS market appears suspect in the light of the Trump Administration 's lack of enthusiasm for the Obama - era Clean Power Plan .
The carbon capture and sequestration ( CCS ) market will grow to $ 8bn by 2021 , says a report by Reportbuyer . New technologies , demand for enhanced oil recovery and CO2 reductions will drive the sector to a compound annual growth rate ( CAGR ) of 13.4 % , the report says . North America is expected to be the largest market , as cheap US natural gas has led to expansion in the nation 's coal - fired power plants . However , the report 's claim that legislation in the US will drive the CCS market appears suspect in the light of the Trump Administration 's lack of enthusiasm for the Obama - era Clean Power Plan .