Authored by Ritika Goel of ICF International, the article was published in the January 2009 issue of the CDM Investment Newsletter, a joint initiative of BEA International and the Climate Business Network (CBNet). Carbon capture and storage (CCS) is possibly the most controversial technology being considered in the context of climate change mitigation. While it offers an enormous scope for global carbon emission reductions, its successful adoption remains plagued by high present costs, low technology maturity, and perceived environmental risks. The article explores the key issues surrounding CCS technology, particularly in developing countries, and suggests ways to overcome underlying challenges. The full newsletter is available through subscription with CBNet.