Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search
Tom Nicholls
5 January 2009
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Causes for optimism for nascent CCS

Progress with CCS is slow, but it's still progress, say Gardiner Hill, director of CCS technology at BP, and Lewis Gillies, head of Hydrogen Energy

CARBON capture and storage (CCS) is a technology that will – probably – be indispensible to attempts to prevent climate change. According to the International Energy Agency (IEA), it could provide a fifth of the carbon dioxide (CO2) emissions cuts the world needs to make by 2050. But unlike many other low-carbon technologies – renewables, nuclear and energy efficiency – the idea remains untested. The most frequent criticism of the sector's development is that the demonstration projects needed to prove that CCS can operate safely and economically at scale aren't sufficiently advanced. "There's a gap in our strategy that needs to be plugged immediately," says Gardiner Hill, director of CCS tec

Also in this section
Energy cost surge fires up debate over EU ETS
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
Letter on carbon: Capturing Europe’s elusive CCS potential
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
Outlook 2026: The case for carbon stewardship
Outlook 2026
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
Outlook 2026: Carbon capture in the US – Milestones and the road ahead
Outlook 2026
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search