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Carbon capture has a key role to play
Carbon capture Decarbonisation Finance
Stuart Penson
21 April 2023
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Net zero demands huge carbon-capture investment – IEA

Project pipeline implies only a quarter of capacity needed by 2030, IEA says

Investment in carbon-capture technology is growing, but the pipeline of proposed projects would need to quadruple to meet 2030 the levels set out in the IEA’s main net-zero emissions (NZE) scenario. The existing slate of projects, some of which will not materialise, implies capture capacity of c.0.3Gt/yr by 2030, way short of the 1.2Gt/yr set out in the NZE scenario. “Carbon-management technologies are an important strategic tool in strong mitigation scenarios but by no means a silver bullet,” the IEA said in mid-April in a report titled Credible Pathways to 1.5°C. “The scale of deployment required in the NZE scenario is huge, equivalent to ten new CCUS‐equipped facilities commissioned each

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Also in this section
Tackling methane a ‘no-brainer’ for oil and gas industry, says IEA’s McGlade
24 May 2023
Cutting emissions of the potent greenhouse gas is beneficial not just for the climate but also for companies’ bottom lines and their social licences to operate
UK’s Drax pivots Beccs expansion to US
23 May 2023
Company plans £4bn investment in new plants in southern US, evaluates nine other sites and opens Houston Beccs headquarters
IEA’s Birol sees role for oil and gas as part of ‘orderly’ energy transition
22 May 2023
Tackling both the energy security crisis and the climate crisis means clean energy push must be secure and affordable
Harnessing the VCM to retire orphaned oil and gas wells
19 May 2023
The American Carbon Registry launches methodology for tradeable offsets generated from plugging abandoned wells in the US

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