Carbon capture is a vital tool in reaching the goals of the Paris Agreement
CCUS needs better credit rating visibility
Assessments of firm’s ESG performance does not adequately take into account key technology, says panel
Carbon capture, utilisation and storage (CCUS) must be better accounted for within ratings firms’ ESG assessments if the technology is to reach levels of deployment necessary to meet the goals of the Paris Agreement, according to panellists speaking at an event organised by thinktank the Global CCS Institute (GCCSI). Under the IEA’s sustainable development scenario, the mass of CO2 captured using CCUS goes up from around 40mn t/yr currently to around 5.6gt/yr by 2050. 5.6gt/yr – Amount of CO2 needed to be captured by 2050 But the technology is not receiving much attention in the way that firms’ environmental performance is rated, according to Ian Havercroft, principal consultant with
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