CCS is very capital intensive
The changing economics of CCS
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
There is a certain paradox to the state of play around CCS, an industry that is fast becoming multibillion-dollar but is also trying to establish its own balance sheet. It is, however, no longer a technology in search of a purpose. DNV’s latest report on the sector, CCS Forecast to 2050, identifies a sharp inflection point for deployment, with capture and storage capacity expected to quadruple by 2030, underpinned by $80b (£60b) of investment over the next five years. By mid-century, cumulative spend will reach $700b. While this scale-up marks CCS’s arrival as a commercial force in the energy transition, the numbers tell a more sobering story. By 2050, CCS will capture only 6% of global emis
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