According to the Global CCS Institute, the world’s total capacity for carbon capture increased for the fourth year in a row, by almost one-third over the previous year.
“CCS is absolutely critical to achieving net zero emissions and we anticipate growth in the sector to continue as climate ambition is increasingly matched with action,” said Global CCS Institute CEO Jarad Daniels.
“Although much more is required, commitment to climate action is progressing steadily and we’re seeing growing interest and support for CCS. As we accelerate toward net zero emissions by mid-century and establish clearer interim targets, CCS will be integral to the decarbonisation of energy, industrial sectors such as cement, fertilisers, and chemicals, and will open new opportunities in areas including clean hydrogen and carbon dioxide removal.”
The latest report shows that of the 135 commercial CCS facilities in the project pipeline, 27 are fully operating, four are under construction...