GALWAY, IRELAND--January 10 , 2012 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) The International Energy Agency (IEA) has called for urgent action on the implementation of carbon capture and storage (CCS) technology in the wake of the collapse of the European Union's first round of funding for large scale CCS demonstration projects. The energy watchdog stated that despite the attention given to the growth of renewable energy, fossil fuels still generate over 80% of the energy consumed worldwide.