Most CCS projects sell captured CO₂ for EOR
CCS unfit for net zero – Ieefa
Track record for operating and failed CCS projects indicates perverse incentives to continue or increase emissions, according to Ieefa report
Carbon capture and storage (CCS) projects are unlikely to deliver on promises of significant emissions reductions, warns thinktank the Institute for Energy Economics and Financial Analysis (Ieefa) in a report. Recent analyses by the IEA and thinktank the Energy Transitions Commission both estimate that at least 7gt/yr of CO₂ must be captured by 2050 to reach net zero, with calls to vastly increase capacity over the next decade. But Ieefa is critical of the role of CCS in meeting net zero, based on past projects’ actual capture and storage rates, the use of CCS in enhanced oil recovery (EOR) and perverse incentives to increase operational emissions to claim additional carbon credits. “M
Also in this section
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
