Related Articles
CO2 storage tanks in China
Forward article link
Share PDF with colleagues

The CCS revival – part one: Global growth

The technology is gaining traction as tax credits and rising carbon prices improve the economics of deployment in energy-intensive industries

The global carbon capture and storage (CCS) industry has long been in the doldrums, but government  and corporate targets on reaching net zero have helped to drive a  surge in new projects in recent months. “To reach international climate targets, we cannot continue at the pace of deployment that we have seen in the past,” Guloren Turan, general manager of advocacy and communications at thinktank the Global CCS Institute (GCI), tells Transition Economist. “The IEA has said that rapid acceleration of CCS deployment is essential to achieve net zero by mid-century, and that is going to require significant investment from both the public and the private sector.” Part one of this three-part se

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Turbine manufacturers post major losses
26 January 2022
GE and Siemens Gamesa Renewable Energy have announced multimillion-dollar losses over 2021 and the past quarter, while Vestas posts cautious 2022 guidance
New EIB-backed energy efficiency fund to tackle ‘huge underinvestment’
26 January 2022
Solas Sustainable Energy Fund to support energy efficiency projects mainly in Germany, Spain and Ireland and is aimed at small-to-mid-size insurers and pension funds
Crediting emissions saved in plugging oil and gas wells
26 January 2022
Avoided emissions could be credited as carbon offsets and sold on exchanges
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video