A net-zero energy system requires a profound transformation in the way we produce and use energy that can only be achieved with a broad suite of technologies. Carbon capture, utilisation and storage (CCUS) is the only group of technologies that contributes both to reducing emissions in key sectors directly and to removing CO2 to balance emissions that are challenging to avoid – a critical part of net zero goals. After years of slow progress, new investment incentives and strengthened climate goals are building new momentum behind CCUS.
The International Energy Agency’s (IEA) report, entitled CCUS in Clean Energy Transitions examines in detail the role for CCUS technologies in clean energy transitions. It identifies four key contributions: tackling emissions from existing energy infrastructure; a solution for sectors with hard-to-abate emissions; a platform for low-carbon hydrogen production; and removing carbon from the atmosphere. The report considers innovation needs across CCUS technologies and applications. It includes new geospatial analysis of power and industrial emissions in key regions and their proximity to potential geological storage.
Read the full report here.