Plugging the gaps in CCUS with policy, finance and stakeholder trust
Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale
CCUS is widely recognised as a way of achieving global decarbonisation, particularly for hard-to-abate sectors such as cement, steel and chemicals. Yet, despite decades of development and policy support, large-scale deployment continues to fall short. A recent study in journal Nature Climate Change found that nine in ten CCUS projects announced between 1972 and 2018 were cancelled or delayed. With a rapidly narrowing window, the next two decades will be critical for accelerating progress if we are to achieve global net-zero targets. CCUS has been used commercially for the last 50 years, with CO₂ being captured and sequestered mainly in enhanced oil recovery operations. Today, the focus has l
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