BP sees key role for CCUS in global decarbonisation
Deep emissions cuts drive CCUS to emerging economies – BP
India and China lead CCUS deployment under optimistic emissions reduction scenarios set out by oil major
Investment in CCUS capacity could pivot sharply towards China, India and other emerging economies between 2035 and 2050 if the world acts to cut emissions in line with the Paris climate goals, according to BP’s latest Energy Outlook report. More than 70pc of global capacity could be located in China, India and other emerging markets by 2050 under BP’s Accelerated and Net Zero scenarios, which respectively envisage CO₂e reductions of 75pc and 95pc relative to 2019 levels by mid-century. “This requires a very rapid scale-up of CCUS in these countries relative to their historical levels of oil and gas production,” BP says. Under the Accelerated and Net Zero scenarios, the “vast majority” of CCU
Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
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
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
