Net zero commitments drive global momentum for CCUS
Burce Warlick, Mary
Net zero commitments drive global momentum for CCUS - 2022.
62
A net-zero energy system requires a profound transformation in the way we produce and use energy. This can only be achieved with a broad suite of technologies. Carbon capture, utilisation and storage (CCUS) is the only group of technologies that contributes both to directly reducing emissions in key sectors and to removing CO2 to balance emissions that are challenging to avoid – a critical part of ‟net” zero goals.Over the years, CCUS deployment and investment has lagged behind other clean energy technologies. However, new investment incentives and strengthened climate goals are building a renewed momentum behind CCUS. In 2021, over 100 CCUS projects have been announced in over a dozen countries.In order to translate ambition into action, governments and industry can build on this global momentum in four key areas: create favourable investment conditions; coordinate and underwrite industrial hubs and shared infrastructure; encourage CO2 storage development; and boost innovation.
Net zero commitments drive global momentum for CCUS - 2022.
62
A net-zero energy system requires a profound transformation in the way we produce and use energy. This can only be achieved with a broad suite of technologies. Carbon capture, utilisation and storage (CCUS) is the only group of technologies that contributes both to directly reducing emissions in key sectors and to removing CO2 to balance emissions that are challenging to avoid – a critical part of ‟net” zero goals.Over the years, CCUS deployment and investment has lagged behind other clean energy technologies. However, new investment incentives and strengthened climate goals are building a renewed momentum behind CCUS. In 2021, over 100 CCUS projects have been announced in over a dozen countries.In order to translate ambition into action, governments and industry can build on this global momentum in four key areas: create favourable investment conditions; coordinate and underwrite industrial hubs and shared infrastructure; encourage CO2 storage development; and boost innovation.
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