Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search
Related Articles
Carbon capture tops agenda at GPAE Conference 2025
Gas Processors Association Europe brings together leading specialists at annual event in Netherlands to analyse the challenges and opportunities presented by technology at heart of Europe’s decarbonisation strategy
Letter on carbon: Capturing the value of CCUS
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
CCS becoming part of Africa’s development path, part 2
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
CCS becoming part of Africa’s development path, part 1
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
Plugging the gaps in CCUS with policy, finance and stakeholder trust
Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale
Letter on carbon: Meet America’s first CCS major
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
CCS costs surge as trade war rattles developers
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
Major UK CCS project set for lift-off as Eni wins state funding
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
Shipping GHG deal ‘a framework to build upon’
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
Letter from Saudi Arabia: Oil and the materials transition
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
IEA has talked up the potential role of CCUS
Opinion
Carbon capture Decarbonisation
Stuart Penson
3 October 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Letter on carbon: Reality check

The IEA has tempered recent optimism over CCUS with a downbeat assessment of the technology’s role in achieving net zero

The IEA has talked up the potential role of CCUS in the net-zero project in recent years, but its patience with the technology’s pace of development now appears to be wearing thin. “After years of underperformance, CCUS must now show it can deliver,” it said in the latest iteration of its influential Net Zero Roadmap. “So far, the history of CCUS has largely been one of unmet expectations. Progress has been slow and deployment relatively flat for years.” The IEA’s somewhat scathing assessment of CCUS’ progress comes with a downgrade of the technology’s projected contribution to global emission reductions, compared with forecasts in the 2021 edition of the roadmap. In Europe, the North

Also in this section
Colombia sets the voluntary carbon standard
19 June 2025
Andean country has become a leading destination for voluntary carbon credit investment, but challenges remain
Carbon capture tops agenda at GPAE Conference 2025
18 June 2025
Gas Processors Association Europe brings together leading specialists at annual event in Netherlands to analyse the challenges and opportunities presented by technology at heart of Europe’s decarbonisation strategy
Letter on carbon: Capturing the value of CCUS
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
CCS becoming part of Africa’s development path, part 2
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search