Carbon capture and storage (CCS) technology will need to play a substantial role in mitigating global emissions alongside measures such as renewable energy and energy efficiency. There are 22 large scale CCS projects currently in operation or under construction around the world, with the capacity to capture up to 40 million tonnes of CO2 per year. These projects cover a range of industries, including gas processing, power, fertiliser, steel-making, hydrogen-production and chemicals. While optimism about CCS was strong in the early 2000s, deployment has been slower than anticipated. Yet, recent innovation breakthrough stories such as mineralization in relationship with basalt rock fuel hope for a fresh start.
- What are the main drivers and barriers relevant to boosting CCS capacity in the coming decades?
- What are key innovation stories?
- What policies and mechanisms are needed to deliver CCS at the scale?