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Letter on carbon: Beyond the current trajectory
Policymakers must match their rhetoric with bolder action if they really want CCUS to scale up to meaningful levels
Letter from London: Shell blasts EU carbon storage targets
Binding CO₂ injection targets for oil and gas firms are ill-defined and very unrealistic, oil major tells London CCS summit
Europe in race to unlock CDR investment
Policymakers acknowledge crucial role for direct air capture and other removal technologies in meeting climate goals
Northern Lights goes live
Merchant storage project off western Norway takes first CO₂ shipment, but government warns of significant cost challenges ahead for CCS
Letter on carbon: Chasing down the cost of DAC
Innovation is moving at pace in the direct air capture sector, but will costs fall quickly enough to make it a mainstay of the voluntary carbon market?
Chevron joins push for Asia CCUS hubs
US company reiterates commitment to CCUS as it agrees to work with major steelmakers to drive large-scale deployment in Asia
Germany eyes blue hydrogen as cabinet backs CCS
Draft law opens door to large-scale carbon capture and storage, and could unleash investment in gas-based hydrogen projects
China eyes global collaboration on CCUS
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
EU’s binding CCS targets: A burden or a blessing?
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
EU proposes 90% 2050 climate target
European Commission introduces new flexibilities for member states to ease compliance with headline goal
Carbon capture is now an established technology
Carbon capture Aviation
Tom Young
13 July 2022
Follow @PetroleumEcon
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Huge ramp-up in CCUS capacity needed – ETC

Scale-up needed from 37mn t/yr of capture currently to at least 7gt CO₂/yr by 2050, says Energy Transitions Commission

The world will likely need to capture and either store or use at least 7gt CO₂/yr by 2050 to achieve the goals of the Paris Agreement, according to a report by thinktank the Energy Transitions Commission (ETC). This will require a rapid scale-up from the 37mn t/yr of carbon capture utilisation and storage (CCUS) operating today. Achieving this growth will require high levels of political and financial commitment following a decade in which the number of operating plants has grown very slowly and many announced projects have been mothballed or abandoned. Projects already under development, if fully implemented, will achieve only 160mn t/yr of CCUS by 2030. “We will need engineered CO₂ r

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From green goals to ground realities
7 October 2025
As the EU remains deadlocked over its 2040 emissions goal, the IEA has tempered its climate rhetoric, forecasting that oil and gas will continue growing over the coming decades
Letter on carbon: Beyond the current trajectory
30 September 2025
Policymakers must match their rhetoric with bolder action if they really want CCUS to scale up to meaningful levels
Kuwait Oil Company: Driving national progress through social responsibility
16 September 2025
For the Kuwait Oil Company, a cornerstone of Kuwait’s economy, corporate social responsibility is not an optional add-on but a deeply embedded responsibility.
CCUS at the crossroads: Five takeaways from Gastech
12 September 2025
Government support, cost reductions and public trust among the prerequisites for the successful scale-up of CCUS, industry executives tell the Gastech 2025 event in Milan

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