No rapid buildout seen for CCS in China
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
China’s ambitions to be a global green technology leader do not yet appear to have extended to the CCS sector. In terms of deployment, it lags other regions, including Europe and North America, and concrete policies to support the sector’s expansion are still lacking, according to assurance and risk management company DNV. The current scale of China’s CCS sector is “immaterial”, with 11 projects in operation accounting altogether for only about 1mt out of 26mt of CO₂ captured per year globally, DNV said in a report, titled Energy Transition Outlook China. “However, given four more CCS facilities are in development, six in construction, and around 100 projects of various scale in demonstratio
Also in this section
10 May 2024
Launch of project powered by geothermal energy in Iceland marks step forward in push to scale up expensive direct-air-capture technology
8 May 2024
Allowance prices rise 34% since start of year as regulator imposes tighter limits and considers reduction of free allocations
7 May 2024
Policymakers should consider backing enhanced weathering as a CDR technique with benefits to the agricultural sector
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum