The G7 will cooperate on CO₂ imports and exports
Governments aim to unleash cross-border CO₂ trade
Growth of carbon removal and capture sectors creates need for functioning international market linking emitters and storage providers
Governments are stepping up efforts to enable cross-border trade in CO₂ amid growing recognition that international carbon capture, removal and storage projects will play a key role in attempts to reach net zero. Large-scale storage projects in particular will need to take CO₂ from multiple emitters across international boundaries to become viable. Climate, energy and environment ministers from the G7 pledged in mid-April to work together to promote the “development of export/import mechanisms for CO₂” as part of an evolving carbon management strategy based around CCS and carbon dioxide removal (CDR) technologies, including direct air capture (Daccs) and bioenergy with CCS (Beccs). “Au
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
