Carbon capture, utilisation and storage (CCUS) will need to form a key pillar of efforts to put the world on the path to net-zero emissions. A net-zero energy system requires a profound transformation in how we produce and use energy that can only be achieved with a broad suite of technologies. Alongside electrification, hydrogen and sustainable bioenergy, CCUS will need to play a major role, shows the IEA report launched today. It is the only group of technologies that contributes both to reducing emissions in key sectors directly and to removing CO2 to balance emissions that cannot be avoided – a critical part of “net” zero goals. 

Stronger investment incentives and climate targets are building new momentum behind CCUS. After years of slow progress and insufficient investment, interest in CCUS is starting to grow. Plans for more than 30 commercial facilities have been announced in the last three years. 

Please read the full report here